The next step is drawing up a contract, so everyone's on the same page. And Kenny becomes responsible for his own expenses. That's not always an easy concept for parents. You might get into the habit and transition to it over a couple of months. Whitcomb says Kenny should keep all his receipts and track expenses in a ledger book to show his parents.
Mistakes are part of the plan.
After all, Kenny's first impulse is to splurge on something pricey. But when he makes a mistake, he won't have any money left for the right things anymore. Then he's going to have to find a way of getting out of those consequences, and he's going to have to solve his own problems. That's how you learn, Whitcomb said. But really, what's better for your kids isn't more stuff.