But it’s knowledge they’ll need when they get out of school. Here’s an exercise that may open your teen’s eyes:

• On a piece of paper, list your bills of the month on the left: rent, groceries, phone, insurance, etc. Then list the cost for each on the right.

• Fold the paper so that the cost side is hidden.

• Ask your teen to write what she thinks the cost of each item is. Then have her look at the actual costs.

According to Dorothy Rich, president of the Home and School Institute, teens have “little idea” of what things cost. Once a teen begins to understand that sneakers are just part of your family’s expenses, she is more likely to develop respect for the dollar.

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