I think there are huge advantages to giving your child a clothing budget. How you best go about it is, first sitting down, having your child -- maybe even a month before -- tag up how much money you've already spent in terms of clothing. You may be surprised at how much you are spending for her. Second of all, you can say, "From this moment on, you are going to be responsible for spending your own money on clothes." You can start simply and move your way through. I strongly suggest you do a couple of things. First, once you stick to the amount, never, ever give out a loan. Ever. Second, you never want to give your child a credit card. It's cash only. Number three is, help your child stick to the budget. If she starts adding up what she has, not only will she appreciate that she has more, but she can also begin to realize she's not going to be getting any extra cash. She is going to learn financial responsibility now.