Raising Fiscally Fit Kids

c) Tell him to get a summer job.

d) Discuss his needs, see what he has available from jobs and savings, and agree to supplement that with an appropriate allowance.

Personally, I like the first answer. Practically, Bodnar says, you would be better off going with d.

If you are interested in discussing this month's book selection, join me online at http://www.washingtonpost.com/ at noon July 6. Bodnar will be my guest and will take your questions.

To become a member of the Color of Money Book Club, all you have to do is read the recommended book. Then we chat online with the author. In addition, every month I randomly select readers to receive a copy of the book donated by the publisher. For a chance to win a copy of "Raising Money Smart Kids," send an e-mail to colorofmoney@washpost.com . Please include your name and address so we can send you a book if you win.

Penny Pincher of the Year

It's time again for my Penny Pincher of the Year contest. All you have to do is nominate someone with an original penny-pinching strategy -- a friend, a relative, even yourself. Edited versions of entries may be published. Send your entries by June 16 to colorofmoney@washpost.com . Please put "2006 Penny Pincher of the Year Contest" in the subject line. Please include your address and daytime and evening phone numbers. You can also mail entries to Michelle Singletary, Color of Money, 1150 15th St. NW, Washington, D.C. 20071. Please put on the front of the envelope "Penny Pincher of the Year Contest."

· On the air: Join Michelle Singletary at 7:10 p.m. tomorrow on "Insight" with Herman Washington on WHUR (96.3 FM). She also discusses personal finance Tuesdays on NPR's "Day to Day" program and online athttp://www.npr.org.

· By mail: Readers can write to her at The Washington Post, 1150 15th St. NW, Washington, D.C. 20071.

· By e-mail:singletarym@washpost.com.

Comments and questions are welcome, but because of the volume of mail, personal responses are not always possible. Please note that comments or questions may be used in a future column, with the writer's name, unless a specific request to do otherwise is indicated.