Here's the problem: Once you get paid, your money has to go several places at once. Bills need to be paid, credit card balances need to be settled, groceries need to be bought, perhaps even some nonessentials, too -- and, in all the shuffle, the money that you should be saving becomes your discretionary income.
I've found that the summer months are the perfect time for a mid-year check-up on my finances, when I can adjust my financial goals based on my needs for the summer and throughout the year. Based on my experiences, here are a few tips for parents to consider as they talk to their teens about the value of saving money this summer (while still having a little fun!).