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When we gave our son his American Express PASS card, he immediately made a bid for more allowance. My reply: Let's sit down at a family meeting and we'll discuss it. In the meantime, I told him, he should think about what extra financial responsibilities he wants to take on with the additional allowance. Family meetings are a great way to maintain an ongoing discussion within which you can both support and teach your teen about money. I highly recommend that you have a family meeting once a week (at least in the beginning) to check in and see how things are going; to determine whether...
7:30 a.m. this morning: buzz, buzz, buzz. I hit the button on the alarm and it stopped. Well, I thought, I feel pretty good! That extra hour of sleep really makes a difference! Quick back story: my son, Dan, has been sick with the flu for 5 days. Last night he woke us up three times for various reasons, one of which was that he still has a 99.7 fever and couldn’t go to school today. That is when I reset my alarm from 6:30 to 7:30 a.m. I swung my feet over the edge of the bed and stretched, looking back at my husband as I did so. Still asleep. My eyes rested momentarily on the alarm...
In a recent conversation with an old friend that I haven’t spoken to in years, she alluded to my “recent” blog, “The Empty Nest,” saying “How is it having your son away in college?” It shook me up to realize that a year-and-change has gone by since I wrote that blog and that for people reading it for the first time, it’s as if time stood still. I’m reminded of numerous examples in our lives as parents when we haven’t seen each other’s children for a while and we exclaim, “Oh my God, look at how tall you’ve gotten!” It’s as if we can’t envision time moving forward unless we, ourselves, are...