Should my 12 year old have a phone?
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Should my 12 year old have a phone?
At what age should you get your child a cell phone? According to PewResearch Center, the average age is between 12 and 13, but when to get your child a cell phone is a personal decision, and can vary from kid to kid based on maturity and need.
How much allowance should a 13-year-old get?
Average Allowances by Age The average American family pays approximately 50 cents per week for each year of a child’s age. For example, a 10-year-old would get $5 per week. Another often-quoted allowance figure is $1 per week for each year of the child’s age, so an 8-year-old would receive $8 per week.
What is a good allowance for a 15-year-old?
Using a rule of thumb to set an allowance is only a starting point. An allowance of $1 per week may be okay for a 10-year-old, but $15 may not be enough for a 15-year-old. You need to make some realistic judgments about what the allowance will buy. As your child gets older, you’ll have to adjust the allowance.
Should I let my 15-year-old daughter date?
There’s no right answer. It’s important to consider your child as an individual. For many kids, 16 seems to be an appropriate age, but it may be entirely suitable for a mature 15-year-old to go on a date, or to make your immature 16-year-old wait a year or two. You can also consider what other parents are doing.
Should my teenager pay board?
As long as they’re working and bringing in a fairly decent wage, you should set them a reasonable level of board. This shouldn’t take away their ability to save, especially if this is for a deposit for their own home, but should start to prepare them for living alone.
How much should I pay my parents rent?
You don’t need to charge the same amount he or she would pay to live in an apartment in your town. About $100 or $150 a month would do just fine. The money a child contributes to rent could go toward paying household bills. If you use this method, be sure to share with your child how you are spending his or her money.
How much should parents charge for rent?
Kim Luu-Tu, a financial adviser with Ameriprise, recommends asking for a percentage of the child’s take-home pay, anywhere from 10% to 30%, depending on the child’s current income and debt. 2. Beyond room and board, parents and children should decide how other expenses will be paid.
How much board should I pay my parents?
Percentage Of Income This usually increases when the pay rate does, but very rarely exceeds $100 per week. Once your adult child is receiving a decent pay (defined as more than $600 per week) and chooses to stay at home, then the board rate should be negotiated between parents and boarder.