It's Monday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Rachel Cruz.

Jennifer is in Houston, Texas.

Hi, Jennifer, how are you?

I'm doing fabulous.

I'm calling.

I have a 14-year-old son.

He has a job at Chippewa. So he's got some paychecks coming in.

He took your class. Both of my teenagers took the high school class at home. We just bought the package.

So he has all the tools. We've got an envelope. We require them to save 40% of anything that they make, and then they pay their ties.

So there's another 50% that he just wants to blow on video games and video stuff, which I hate.

And it's problems with, we have to keep them under so hours. Otherwise, his attitude has to be put in check.

So would you advise we just let them blow all that money?

Or at what age do you start giving them more choices to either be successful or to fail?

Well, here's the deal, Jennifer.

For me, I'm probably more like your son.

I was a spender.

I didn't really keep track of a lot.

I kind of just, I wasn't that great with money as a teenager.

And mom and dad, I mean, you guys, I would say, had levels of accountability that we kind of had to meet.

But overall, there was a level of us just making mistakes. And for me, I appreciated that because I would rather learn

from my own mistakes with the money I've earned. When I make a mistake, I feel it so much more

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