Taking our teens and money
Your child learns by watching how you deal with money. To start with, you could think about the messages you send about money management. And you can send responsible messages no matter what your financial situation. This will help your child learn important and lifelong money management skills.
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Financial security for tomorrow starts today.
Giving Teens Money - FamilyEducation
American teenagers are spending more than my father took home in his paycheck when I was a kid, and more than I received in my first job out of college. My father toiled in the textile mills for his money. My first job was teaching fourth grade. Nice work if you can get it. But evidently work has little, if anything to do with the cash teens carry in their pockets. Their parents give it to them with no strings like work or responsibilities attached to it. Ask or don't ask and you shall receive
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Family Money Troubles
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Over half of teens 52 percent wrongly believe that a credit card is an informal agreement to pay money owed. And where are they learning this? Sixty-three percent say they get most of their information about money, credit, and other financial matters from their parents. It also questioned how they plan to deal with credit cards and other loans.
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