Talking to your Teen Tip #1
Educate Yourself
Many of us were raised in families that didn’t discuss money at all. Or if money was discussed, it wasn’t for the purpose of teaching basic personal finance skills. Sadly, the quality of financial education in our schools was also usually poor. So today we find ourselves raising our own children, wanting to teach them successful skills, but not knowing where to start!
We may be embarrassed by not knowing what to say. We may also be embarrassed by our own lack of knowledge.
But we can be sure of one thing: the more that we discuss money, the more we will understand it. And the more we discuss money with our children, the more they will understand it.
So begin this journey by assessing your own knowledge of money skills. The 16-year-old writer of “Money Management Revealed” reveals to his teen audience every step that he took to learn about setting goals, believing in his goals, learning how to save, learning how to invest, and then buying his first stocks and monitoring them.
He almost makes it seem simple!
Start by viewing “Money Management Revealed” yourself. At the end of the course, the writer includes his library of resources that were invaluable to him in his learning process. Check out some of these books and magazines at your local library.
After your teen views the course, you’ll have so many positive thoughts to talk about. Ideas about goals, saving, and eventually investing. Prepare yourself to share your thoughts and ideas with your teen, and ask for their thoughts and opinions.
Successful saving and investing habits are best established early in life. This is your opportunity to teach your teen the lesson of a lifetime!
Click here to read the next article:
"Encourage your Teen to Learn by Doing"
