How Can a Teen Learn Money Management?

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How Can a Teen Learn Money Management? – This is a place for the community to provide tips and advice on How Can a Teen Learn Money Management?. This topic was created by Colin Coochey and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Tip 1
Teaching Gap: 83% of Teens Don’t Know How to Manage Money More
Published: 9 years, 3 month(s) ago by Marcos Mari | permalink
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Most teens don’t know the first thing about managing money, according to a new study by ING Direct.
Tags: teach kids,money management,retail sales,ING Direct,economy,Brian Hoyt,financial decisions,education,financial role,environment,ING,finance,economic downturn,savings accounts,personal finance

For further reading: http://www.foxbusiness.com/personal-finance/2012/07/17/teaching-gap-83-teens-dont-know-how-to-manage-money/ ^[1]

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Tip 2
Teaching Your Teen Money Management More
Published: 9 years, 3 month(s) ago by Brian Heywood | permalink
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Help your teen download the facts about spending money – before they leave home.

For further reading: http://www.focusonthefamily.com/lifechallenges/managing-money/achieving-financial-harmony/teaching-your-teen-money-management ^[2]

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Tip 3
USAA Military Home, Life & Auto Insurance | Banking & Investing More
Published: 9 years, 3 month(s) ago by Craig Finer | permalink
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With competitive home, life and auto insurance rates, as well as convenient online banking and investment services, USAA proudly serves millions of military members and their families. Get a free home, life or auto insurance quote now.
For further reading: https://www.usaa.com/inet/wc/advice-finances-teens-and-money ^[3]

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Tip 4
Teaching Teens Money Management Basics | ClearPoint Credit Counseling (CCCS) More
Published: 9 years, 3 month(s) ago by blaised | permalink
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Read "Teaching Teens Money Management Basics" and other credit counseling and financial education articles from ClearPoint.

For further reading: http://www.clearpointcreditcounselingsolutions.org/resource-center/articles-and-tips/debt-dangers/teens-and-the-value-of-debt-management-and-effective-budgeting/ ^[4]

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Tip 5
Teaching your teen about money More
Published: 9 years, 3 month(s) ago by Henk Hoeksema | permalink
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Before money burns a hole in your teen's pocket, teach him or her the financial skills necessary to manage money in the real world.

For further reading: http://www.360financialliteracy.org/Topics/Family-Financial-Planning/How-to-Talk-to-Your-Children-About-Money/Teaching-your-teen-about-money ^[5]

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Tip 6
9 Ways to Teach Teenagers About Money - DailyFinance More
Published: 9 years, 3 month(s) ago by S Bryant | permalink
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While some school systems have added financial literacy to their curricula, many have not, and in the end, responsibility for ensuring your offspring are ready for adult financial life is on your shoulders. Fortunately, there are plenty of ways you can add to your teens' practical knowledge.

For further reading: http://www.dailyfinance.com/2013/03/05/financial-literacy-teen-money-education/ ^[6]

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Category: Fun | 9 years, 3 month(s) ago

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Contributors

S Bryant, Craig Finer, Marcos Mari, Henk Hoeksema, Jacoby, Brian Heywood, blaised

References & Citations

1. http://www.foxbusiness.com/personal-finance/2012/07/17/teaching-gap-83-teens-dont-know-how-to-manage-money/

2. http://www.focusonthefamily.com/lifechallenges/managing-money/achieving-financial-harmony/teaching-your-teen-money-management

3. https://www.usaa.com/inet/wc/advice-finances-teens-and-money

4. http://www.clearpointcreditcounselingsolutions.org/resource-center/articles-and-tips/debt-dangers/teens-and-the-value-of-debt-management-and-effective-budgeting/

5. http://www.360financialliteracy.org/Topics/Family-Financial-Planning/How-to-Talk-to-Your-Children-About-Money/Teaching-your-teen-about-money

6. http://www.dailyfinance.com/2013/03/05/financial-literacy-teen-money-education/