Wednesday, May 28, 2014

About Teen Life: Money Management for Teens

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From Ellen Friedrichs, your About Teen Life Editor
When I was growing up, my parents never talked to me about managing my (admittedly meager) bank account. So I had to figure it all out after leaving home. Here is some really good info that can help you now and in the future.

Money Skills Every Teen Needs to Be Independent
In order to live independently, an older teen or young adult needs to have 'grown-up' money skills. In other words, not only do they need to remember how to count their pennies, they should know how to put them into an account that will make their pennies grow. They also need to be able to do simple tasks with their money, like pay their bills monthly, deposit money into their bank accounts and be able to purchase necessities. Here are the money skills older teens and young adults need to know... Read more

Bank Account Tips for Teens
Since most school systems don't offer courses on money management, teenagers learn the majority of financial habits from their parents. Developing financial literacy is as important as any other subject in school, and it's up to parents to get kids on the right track. Teens and money don't have to be a bad combination as long as they receive some basic banking tips... Read more
Search Related Topics:  teens and banking  free checking  financial literacy

Teen and Financial Responsibility
In a few short years, you will be on your own and one of the biggest advantages you can have is a basic education in finance. If you can manage your own money, you will have a higher standard of living, won't have to call home for cash, and have the freedom to choose your path without worrying about student loans, car payments, or credit card debt... Read more
Search Related Topics:  personal finances  wealth management 

The Motley Fool Investment Guide for Teens
Check out a review of the book, The Motley Fool Investment Guide for Teens. The Motley Fool has made investing fun and easy for millions of people. Now, it custom designs its wit and wisdom for today's money-savvy teens... Read more


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Teens and Taxes Things Your Teenager Needs to Know

 

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