FIVE MONEY MANAGEMENT TIPS FOR TEENS

-


 Here are some tips to help you teach your teens to be financially responsible adults : 

GET JOB : Teens have plenty to do these days, with school, sports, musical lessons and all the rest. It may seem or hear like a terrible use of time to have your teens work, too, but a job may provide them the most valuable education before they leave home. If they work hard, they get their own money, which give them new found freedom of being financially independent.

OPEN A SEPARATE SAVING ACCOUNT : Open a separate saving account for teens, so that they can get idea of saving money and spending it wisely. Let them make a list of what they require, it may break your pattern of buying stuff for them, but this would make them financially supported by their own supporting system.

GET THEM A CREDIT CARD : When you finally ensure that saving account for the teens have showed up some of good financial work, then go for buying them a credit card. let it have small credit limit. This assures that whenever, they have any emergency money with them all the time. But don't stop monitoring the use of their credit. Our goal is to make responsible adults, not to establish credit.

PREPARE FOR COLLEGE : Encourage your teens to plan and prepare financially for their college. Most teens in reality are going to be responsible for some cost in college. Help them to set aside some cash and plan ways to earn money by either during summer or during the school year once they leave home. 

By working with teens to open and operate bank and credit card accounts and to work a part time job will help them as much as anything else you can do to become a productive adult. Once they go away to college, your opportunity to coach and train will be largely gone, but you will still be there as there primary resource of money.

Stay connected with ICONIC BLOGS for more amazing things to Know.


Comments

Post a Comment

Popular posts from this blog

BEGINNERS GUIDE ABOUT CRYPTO CURRENCIES

-
 WHAT ARE CRYPTOCURRENCIES? Crypto currencies are types of virtual or digital type of currencies, which are then converted from any traditional currency into Digital currency. There is bunch of technology behind the regulation of digital currency, but why do we care??, "Who cares about technology, there should be money in my wallet?". With cryptocurrencies you can get rid of banks and other centralized middlemen altogether. That's because cryptocurrencies rely on a technology called BLOCKCHAIN, which is decentralized (that means no single person is in charge of it). Instead, every computer in the network confirms that the transactions . Of course, in the old days, when you traded your chicken with shoes, the values of the exchanged materials were inherited to their nature. But when coin, cash, and credit cards came to play, the definition of money and, more importantly, the trust model of money changed. Another key change in money has been its ease of transaction. The has...
Read more

THE UNIVERSE : THE PLANETS (PART2)

-
Image
HOLA!! Welcome back to Iconic Blogs! I hope you all are healthy and happy and reading my blogs regularly. I am here to open a world of Planets!!!   The known planets can be divided into 2 groups;   The four planets closest to the Sun, Mercury, Venus, Earth, and Mars, are called the terrestrial planets. The term Earth is Latin for land, and these planets are known as terrestrial planets because they are made of hard solid rock.     The other four planets far from the Sun are Jupiter, Saturn, Neptune and Uranus, known as the "Jupiter planets". Jupiter planets are much larger than terrestrial planets, lacking a metallic core and hard surface. The terrestrial and Jupiter planets are separated by the asteroid belt orbiting the Sun between Mars and Jupiter.   These days, Uranus and Neptune are called Uranus planets because they are much smaller than the Jupiter planets and have a coating of methane and ice around the planets. .    Discover more untold ...
Read more

THINK IT OVER...............

-
Image
 Hello my wings, I hope you all are healthy & Happy and reading my blogs regularly. THINK IT OVER...... We do not lack resource, what we lack is their proper utilization. Never preach anything which you cannot practice yourself. Nothing is either good or bad but it depends upon how you look at it. We see faults in others even small as a stone but ignore over own as big as a mountain. This universe is the greatest university. We invite more troubles when we get scared to face them. Thoughtless action & action less thoughts are both useless. You cannot reap mangoes, if you sow Berries. Those who speak at length, cannot speak at depth. That man is richest; whose pleasure are cheapest. You cannot lose what you do not possess. HURRY, WORRY, & CURRY are the main cause of aliments. We cannot change the world, it is better to change our own outlook towards it. No one's love is less, our expectation is more. Attachment & prejudice are the only hurdles in the path of liberati...
Read more