Description:
Role modeling successful financial planning will be the most important way to teach your teenager to do the same. Include your teenager in your family finances. Encourage your independent teenager to stay on budget, set and make goals through savings and investments, and to actively participate in his or her personal finances. Make it fun, have discussions over dinner about different investments, get online to see just how money is being made and spent, and read books on topics of interest. Your example and influence can become the best schooling your teenager needs. The more comfortable your teenager is with money matters and staying in the black, the easier it will be for him or her to make the transition into new phases of life that await him or her.