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.

Tip 1 - Teaching Gap: 83% of Teens Don’t Know How to Manage Money

Published: 9 years, 4 month(s) ago | Submitted by Marcos Mari | permalink

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]

Tip 2 - Teaching Your Teen Money Management

Published: 9 years, 4 month(s) ago | Submitted by Brian Heywood | permalink

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]

Tip 3 - USAA Military Home, Life & Auto Insurance | Banking & Investing

Published: 9 years, 4 month(s) ago | Submitted by Craig Finer | permalink

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]

Tip 4 - Teaching Teens Money Management Basics | ClearPoint Credit Counseling (CCCS)

Published: 9 years, 4 month(s) ago | Submitted by blaised | permalink

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]

Tip 5 - Teaching your teen about money

Published: 9 years, 4 month(s) ago | Submitted by Henk Hoeksema | permalink

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]

Tip 6 - 9 Ways to Teach Teenagers About Money - DailyFinance

Published: 9 years, 4 month(s) ago | Submitted by S Bryant | permalink

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]