It could be that your son is trying to fit in with his peers and giving money to his friends as a way to gain their approval or make them happy. It may also be possible that he does not understand the value of money and is not aware of the consequences of giving it away. To address this behavior, it’s important to have a conversation with your son about why it’s important to be mindful of spending money, and to set clear expectations for him. You may also consider helping him come up with alternative ways to make and keep friends, such as sharing interests or being a good listener.
