I remember posting on a message board about opening a checking account for my 16 year old. She and I had picked a date, gone to the bank, brought all of the paperwork and opened her account. She and I both were both excited.

I was truly amazed at the large number of moms who thought I was crazy. They each had different reasons, for thinking I was nuts. They did not feel their own children could handle the responsibility of having a checking account, or they did not feel their own children would understand that having more checks did not mean they had money, or they did not believe a 16 year old should have their own checking account. Many women said they did not believe the part time babysitting job their child had, gave the child enough money to justify opening an account.

In just two years all of these kids will be 18. Many will be leaving home. If they have not been taught money management, have not been taught how to balance a checkbook and have not been taught how to use a check book register while at home, how will they know when they leave home?

Having worked in a college bookstore, I can share numerous stories of 18-20 year olds who had no idea how to write a check, how to record a check or how to balance a checkbook. A few students were not even sure where to sign their checks. Others, when asked to please print their local address on the check, put it on the bottom under the routing numbers. They did not realize that this was not ok.

If as a parent you truly believe your 16 year old is not ready for the responsibility of a checkbook, then consider an Excel spreadsheet. When my daughter was about 13, we created two spreadsheets. One was for clothing and one was for school lunches. We looked at how much money I spent in an entire year on her clothing. This was her beginning balance. Each time we bought shoes, pants, earrings etc, she had to record the purchase. Excel does the math, so she was able to see her total balance go down as she made purchases. She also could look at her total left and make choices of what was more important, the very expensive pair of shoes, or a few new sweatshirts for winter. She knew when the money was gone, there was no more. If her choice was the shoes and she had no warm clothes, she