![]() ![]() Remember that money responsibilities and money boundaries shift as a kid ages.Īs a child ages and is more capable, it’s a good idea to put them in charge of some of their own expenses (even if that means giving them control over the money you would spend on them in a certain category – such as school clothing – so that they can learn to manage and budget money). Pssst: does your teen have their first job? Here are 7 money conversations to have after your teen earns their first paycheck.Īlso, you may notice that some of these items border on needs. Instead, I’m offering this list of teenager monthly expenses as a jumping-off point for money conversations to have with your teen, and help with them setting up their budget. Remember that “common” doesn’t mean it needs to be the norm in your own household. Psst: you might want to check out these 3 sample budgets for 18-year-olds. ![]() helping them to figure out how to spend less money as a teenager (if they're overspending)Īlright, let’s dive into the list of common teen expenses.motivating them to earn more money (if they can’t get the things they want, when they want them, etc.) through a job app for teens or by getting their first teen job.teaching them how to do things like make savings goals (41 things to save up for as a teenager and how to save money as a teen). ![]() ![]() And when you get a teen planning with their money, then you’re really: Why else should a teen figure out their expenses?
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