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Substance Abuse
He's on his way home---some questions
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<blockquote data-quote="DammitJanet" data-source="post: 64091" data-attributes="member: 1514"><p>I think my answer would depend on exactly what sorts of amounts of money we are talking about here. If it is say $200 in either checking or savings...well...that isnt all huge an amount. However, if we are talking much more then I think I would do something to try to control "impulse spending" if you get my drift.</p><p></p><p>Maybe you could put part of the money in short term CD's to maximize his interest. Tell him you wanted him to get the most bang for his buck. Or simply tell him you are holding the money for when he is able to move out on his own as a starting nest egg. Nothing wrong with that option either. </p><p></p><p>You could also watch how he handles money when he gets a job and maybe then hand over a bit more. It really all depends on how much it is and what he wants to do with the money. If he is asking you for the money to make a down payment on a car or pay car insurance, that is one thing. Quite another to want it to go spend around town with his buddies.</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 64091, member: 1514"] I think my answer would depend on exactly what sorts of amounts of money we are talking about here. If it is say $200 in either checking or savings...well...that isnt all huge an amount. However, if we are talking much more then I think I would do something to try to control "impulse spending" if you get my drift. Maybe you could put part of the money in short term CD's to maximize his interest. Tell him you wanted him to get the most bang for his buck. Or simply tell him you are holding the money for when he is able to move out on his own as a starting nest egg. Nothing wrong with that option either. You could also watch how he handles money when he gets a job and maybe then hand over a bit more. It really all depends on how much it is and what he wants to do with the money. If he is asking you for the money to make a down payment on a car or pay car insurance, that is one thing. Quite another to want it to go spend around town with his buddies. [/QUOTE]
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He's on his way home---some questions
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