Have you educated your teen to be financially competent and confident?
- parentsfin
- Jul 16
- 3 min read
Check out our videos and our books including, Financially Independent Teens on amazon ahttps://tinyurl.com/r8xy3ve check out our website for more information at https://parentsfin.wixsite.com/website/books Check out our amazon page for descriptions of our books https://tinyurl.com/r8xy3ve
Financial literacy is a crucial life skill—especially for college-bound teens navigating independence for the first time. Most high schools don’t teach personal finance, so it’s up to parents to ensure their teens are money smart and ready for real-world decisions.
College is more than academics—it's a training ground for life.Your teen will face daily choices that impact their future success:• Budgeting their monthly expenses• Paying off credit cards in full• Prioritizing bills before optional spending• Maintaining a strong credit score—often required to rent an apartment
Help your teen build good financial habits now, while mistakes are still manageable.Many students are financially supported by parents, scholarships, or loans. This is a golden opportunity to teach money management in a relatively safe setting.
Teach Your Teen to Be Money Smart!
Make sure they know how to:• Comparison shop for best value• Evaluate spending alternatives• Budget, save, AND invest• Build and maintain a good credit score• Begin an emergency fund• Open a Roth IRA with their first paycheck
Smart spending and savings habits now lead to confidence, opportunity, and financial independence later.
Your teen should learn how to:• Set realistic financial goals• Make trade-offs and stick to a budget• Understand the total cost of college or vocational school• Invest for the long term—even retirement!
Financially Independent Teens can help you guide your child toward a successful future.
📘 Learn More:Check out our book "Financially Independent Teens" on Amazon or visit our site at https://parentsfin.wixsite.com/website/books
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College-bound students have many choices to make, including how they will use their college experience in preparing themselves to live independently after college. College is an opportunity for your child to hone the skills they need to live independently such as budgeting, paying off the credit card monthly, and of course, the importance of paying bills before optional spending. Since often students are supported by their parents or student financial aid or loans, these are opportunities to become educated in how to manage money in a relatively safe environment. In addition, living in an apartment typically requires showing a good credit score so that is a bonus that your student can earn.
· Most schools leave financial education to the parents.
· Teach your teen to be money smart! Make sure they:
o Know how to comparison shop.
o Evaluate alternatives for best value.
o Budget, save AND invest.
o Get a good credit score while young and then MAINTAIN it!
· Begin them on a path toward an emergency fund.
· Start their retirement accounts when they get their first job.
Does your teen have the money skills to be ready for life after high school?
Good spending and savings habits learned early set your teen up for a secure future!
Teach your teen to set goals, make trade-offs, budget, and then take actions – including how to invest their money for future gains. Start your teen on the path to excellent credit, so important in buying a car or renting an apartment. Financially Independent Teens can help you!
Raising money smart teens has many benefits beyond money and pays dividends in peace of mind. Your teen can learn how to compare the TOTAL cost of college or vocational school. They gain the confidence of knowing how to save and invest. They can even begin building their retirement fund by opening a Roth IRA when they get their first job. This gives them confidence they can manage their future financial independence.
Check out all our books including, Financially Independent Teens on amazon ahttps://tinyurl.com/r8xy3ve check out our website for more information at https://parentsfin.wixsite.com/website/books Check out our amazon page for descriptions of our books https://tinyurl.com/r8xy3ve
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