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10 Family Vacation Tips for Parents of Teens

By , About.com Guide

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Give your teen the responsibility of having his/her own money to spend.

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Making a family vacation budget is a good idea that many families are in the habit of doing. This is also a perfect time to talk to your teen about budgeting and allowing him/her to practice with his/her own money. This could be money that he/she has earned or money that you will give him/her for the trip.

Have your teen write down his/her priorities for his/her money during the vacation, like an area t-shirt for example. Then have him/her research how much each of these priorities will cost. Subtract these things from the total amount he/she will have. If there is more money, have him/her think through some ideas on how to use it, but there is no need to cement those ideas. If the priorities are more money than your teen has, perhaps he/she could rethink his/her priorities or plan ideas on how to make some more money. Either way, you are teaching an important budgeting skill.

More on Money and Teens:

  • The Motley Fool Investment Guide for Teens

  • Give an Allowance That Includes Financial Responsibility

  • Money Management for Teens Who Have Jobs

  • Explore Teens
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