Some topics can be a little sensitive for teens to approach with their parents; money is one of them. Whether you want to discuss getting an after-school job or increasing your allowance, plan your discussion carefully. Here are some tips on what to talk about and how to make the conversation run smoothly.

Topics for Discussion

  • Allowance. If you don’t have an allowance, you’ll probably have an easier time convincing your parents to give you one if you come to the table with a proposal. You can start high and be prepared to settle for less. If you offer to pay for more items out of your allowance (clothes, gas for car), your parents might be more willing to consider your proposal.
  • Setting up a budget. Parents can be a great resource for learning how to create a teen budget. Ask them to show you the basics of budgeting. If they don’t have a budget set up for themselves and aren’t sure how to help you, check out the ShortCut “Find a Budget That Works for Me."
  • Setting a limit for purchases. Should you consult your parents on every purchase you make, regardless of the cost? It is your money, but your parents might want to guide you when it comes to larger purchases (over fifty or over one hundred dollars, for example). Work with them to create a limit you all can live with before purchases become an issue.
  • Defining financial responsibilities. What should you be expected to pay for? Car insurance, gas, entertainment, clothes? This will depend, in part, on how much income you bring in each month (assuming you have a job) and how much your parents can afford to help you.
  • Getting a job. If your grades are solid and you find yourself with some free time after school, your parents might be receptive to you looking for an after-school job. Tell your parents that earning money in high school and college is a great way to show responsibility and maturity to future employers.
  • Setting up a checking/savings account. Ask your mom or dad to go to several banks with you and learn about different checking and savings account options. A parent can also give you a quick lesson in writing a check and balancing your checkbook.

General Tips

  • Always plan what you want to discuss before you sit down with your parents.
  • Always talk face-to-face; don’t discuss serious topics through e-mail.
  • Don’t beg. If your parents say no to something you want, respect their position and don't revisit the discussion for at least a few weeks.
  • Be specific about what you are asking for. Don’t get off topic and forget what you were originally discussing.
  • Start the conversation on a positive note by thanking your parents for taking the time to listen to you.
  • Be prepared to accept less than you are asking for, and be grateful for what you get.
  • Be on your best behavior prior to the meeting. Show your parents how responsible you are.
  • Turn off TVs, phones, e-mail, etc. before you start your discussion; distractions can make everyone tense and take away from the seriousness of the meeting.


Source:
WikiHow.com