Sue Scheff: Teens and Money - Teach Your Teens to Budget Now
During these difficult times, many families are struggling to pay their monthly expenses. Some parents have lost their jobs, some families have lost their homes and there are those that are on the edge of both. Living from paycheck to paycheck and raising a family has become more challenging. What can our teens learn from this? How can they be prepared financially for the future? As savvy as our teens are today with the information highway, called the Internet, many are still clueless about finances, budgeting, and saving money. TheMint.org offers excellent parenting tips and advice. As parents, we understand the importance of literacy. We sit for hours reading with our children. However, children must be "literate" about money matters, too. Learning how to think about money and manage it wisely is an equally important life skill. We must patiently help our kids "sound out" the many ways to control money. Our kids will learn by doing. Some lessons will be ...