<p>ssmom62 may I also recommend that you begin teaching your S the "real value of money" immediately? You are not doing him any justice in keeping him in the dark.</p>
<p>I started my D (now 19 and very financially savvy - much more than her friends) on a financial budget when she was 12. You can PM me if you'd like details. It's not difficult, and she thanks me (in more ways than one) often.</p>