The goal of this process was to accustom them to being responsible and getting a taste of managing their money, even if only a small amount--they were encouraged to set aside automatic debits to their stock accounts--one son did well turning 300 investment in Dicks Sporting into a 700 dollar return that he promptly put in 6 shares of Apple that netted him a total amount of approx 3000 when all was said and done.
Rather "your hard-earned money needs to be working for you" at all times--in a stock account, investing in property, passive income, developing your talents, getting better interest rates, Roth IRA, etc.--and the more your money works for you, the less you will be working for money.
We will see how successful we were when our last son embarks on his own next year June 2014.
I know I have stated this before, but it is nice to see that others in the financial blogging sector think similarly! Next to housing expenses, food costs, either groceries or eating out, is the second largest expense for most Americans.
Other bloggers worth looking at
Eat Well. Stay Hungry. Dream big. Don't Settle.
Your money could be doing a whole lot more for than going down the toilet!