Teaching Teens About Money Management (1)

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Teaching Teens About Money Management
As teenagers become more independent and start to
earn money, its essential to set them up with a
good foundation of knowledge in money
management. Here are a few of the essential
things to concentrate on so they can get a
better sense of money- Correlate money and time.
Hand over responsibility. Set the right example.
Pay themselves first. Talk about credit. Create
a budget. One of the most useful methods for
teaching teens about money is setting a good
illustration for them to follow. If you utilize a
budget, save money regularly, and are open about
this with them, this will have a big impact on
their knowledge of how to manage money from an
early age.