Re: how much should he save?
Well, he's 15 now, so i'm sure he'll be wanting a car in a year or so. That's a great goal to start saving.
You're in a great position to encourage healthy liftime savings habits in him. Encouarge him to put aside $100 a week toward the car, and let him keep the remaining $50 for "play $$," to take out dates, spend on food or whatever. He should be able to enjoy some of it, too, or he won't want to stick with such a stringent savings plan.
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