Okay, you want your teenager to be more responsible with money. Do you remember when you were a teenager? Did you act responsibly with your money? What were some of the things your parents did to teach you about handling your money better?
In this article we will discuss some of the ways you can teach your teen to be responsible when it comes to both money and credit. We will discuss several options in regards to credit and cash management for teenagers.
Many of us, even as adults, dont really know a lot about money management. This article may also help you as an adult manage your money and credit better. First lets discuss goal setting. Why do you need to manage your money? What are you trying to accomplish?
The first thing you can introduce your teen to and maybe even yourself to do, is tracking where your money goes. How many times have you asked, Where did I spend all that money? If you have ever asked that then tracking your money can give you great insight into managing your budget better.
There are workbooks you can buy or you can use a simple notebook. Have your teen do this with you so you can both learn together. If you make it a family...
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