I am very sorry to hear about the problems you are currently facing with your son. It is okay to face such issues with him at this age, and I would be delighted to give you advices about how to help him survive this rough time and perhaps help give you a sense of understanding about his situation right now.
However, I noticed something that you have stressed on in this letter, which is the fact that you have stated that you do not have a lot of money and yet you try to provide your children with the greatest standards of living and you are always worrying about money. To be honest with you, worrying your children about the family's financial situation is a very negative thing to do and you should avoid stressing your children about the family's financial situations. If they are, this will lead them to lose their childhood happiness in worrying about their parents and their family way much earlier than they should be. I am not saying that you must not teach them how to save money; you should teach them how to appreciate it and use it wisely, but do not stress on them the fact that they are short of money or else they will feel as if they miss something great from their lives, even though they are alive and healthy!
In addition, I would also like to give you a piece of advice: I know and appreciate the fact that you always try to give your children the best standard of living, but if you are short on money, you might not have to always buy everything for your children, and there are many things you can save money on, and you also have to keep in mind that this will also teach your children how to manage their money-spending activities.
And now, getting to the main core of your letter: your son seems like a great fan of the derby and horse racing. Let me tell you something that you have to always remember: at this age, boys are greatly affected by their exposure to adult men, and they will always try to find themselves by learning from and