When teens ask for money, it’s not just about finances—it’s also about teaching them values like responsibility, independence, and budgeting. Here are some practical strategies for negotiating with your teenager about money:

1. Stay Calm and Curious

Instead of saying “yes” or “no” right away, ask questions:

“What do you need the money for?”

“How much do you think is reasonable?”

“Is this a one-time request or something ongoing?”

This shows you’re listening and gives you insight into their priorities.

2. Set Clear Boundaries

Be upfront about what you can and cannot provide. For example:

“I’m happy to help with school-related expenses, but personal shopping is your responsibility.”

“I can give you $20 now, but if you need more, let’s talk about how you can earn it.”

Boundaries prevent constant requests and teach limits.

3. Introduce “Conditional Yes”

Instead of outright refusing, attach conditions:

“Yes, but you’ll need to help with chores this week.”

“I’ll give you half, and you can cover the rest.”

“I’ll loan you the money, but you’ll need to pay me back from your allowance.”

This turns the request into a learning opportunity

4. Encourage Budgeting

If they often ask for money, suggest a system:

Give a weekly or monthly allowance and let them manage it.

Teach them to track expenses (apps or simple notebooks work).

Show them how to save toward bigger goals rather than asking for quick cash.

5. Use It as a Life Lesson

Frame money talks as practice for adulthood:

Negotiating teaches value of work and compromise.

Setting limits teaches financial responsibility.

Sharing your reasoning shows how real-world money decisions are made.

Example Response:

“I understand you want $50 for the concert. I can give you $25, and if you do some extra chores this week, you can earn the other $25. That way, you contribute too.”