Wow. I'm so glad that my parents did this for me starting when I was in third grade. I'm always shocked when I find out that others didn't do the same. (Including my husband's family; IMO, they spoiled their kids.)I like that you have goals set for him, set up some type of savings program, reducing debt, paying rent, IMO it is so important to review those goals on a regular basis. Show him statements of the debts owning, payments being made, show him his accumulated savings account, stress the importance of good credit for future, these are all real life situtations that unfortunately sometimes as parents we don't discuss. This might help him want to start changing his life around.