Over the years, structures get modified for continuing growth. Here you will find the help to encourage life long learning.
Enjoy the bi-weekly articles below.
These sections are organized by age level, but the information is not confined to just these ages. Consider looking at other age ranges as well. Also, make sure to check out the Archives.
Enjoy the bi-weekly articles below.
These sections are organized by age level, but the information is not confined to just these ages. Consider looking at other age ranges as well. Also, make sure to check out the Archives.
Managing Their Own Money
According to a survey commissioned by MyBankTracker.com, more than half of Americans believe children should begin to handle their own finances before age 18. Children in high school tend to become more independent intellectually and academically. Why not financially? Financial literacy has taken the spotlight as a large number of Americans struggle with how to manage their money.
Like many lessons in life, experience is often the best teacher. The same applies to educating children on how to manage their own money. Jason Reposa
Parents can help by setting up a bank account for their young people (a Christmas gift idea!). Young people can take true ownership for their money, including the deposit, withdrawal, spending and saving. Since many banks and credit unions require an adult account holder, parents may need to sign and help monitor transactions. Account alerts, transaction limits, savings goals and mobile banking applications are examples of current offerings.
Consider adding your young people as authorized users to existing credit card accounts with serious discussion of responsibilities for their use. This may help your young people build a healthy credit score before they need it.
In spite of the above discussion, parents still set the example for managing money. Parents interaction with money handling everyday needs and usage can leave a lasting impression on how your children handle money.
Be a good example.
Resources for Parents of Teens
Whether you are as confused as your teenager about how to handle and help your young person, here are some of the resources that I have found helpful as I write my weekly newspaper column:
Amy McCready gives great suggestions about what you might try: amym@positiveparentingsolutions.com.
Sue and Steph help through Your Teen Magazine: editor@yourteenmag.com
Alyson Schafer@hello.alysonschafer.com
Empowering Parents: service@empoweringparents.com
I believe this is one of the most challenging times for raising children, and all of us can use help and advice to try to keep things calm and peaceful for all concerned. If you have come across more websites to share, please email me at bettemroz@gmail.com.
According to a survey commissioned by MyBankTracker.com, more than half of Americans believe children should begin to handle their own finances before age 18. Children in high school tend to become more independent intellectually and academically. Why not financially? Financial literacy has taken the spotlight as a large number of Americans struggle with how to manage their money.
Like many lessons in life, experience is often the best teacher. The same applies to educating children on how to manage their own money. Jason Reposa
Parents can help by setting up a bank account for their young people (a Christmas gift idea!). Young people can take true ownership for their money, including the deposit, withdrawal, spending and saving. Since many banks and credit unions require an adult account holder, parents may need to sign and help monitor transactions. Account alerts, transaction limits, savings goals and mobile banking applications are examples of current offerings.
Consider adding your young people as authorized users to existing credit card accounts with serious discussion of responsibilities for their use. This may help your young people build a healthy credit score before they need it.
In spite of the above discussion, parents still set the example for managing money. Parents interaction with money handling everyday needs and usage can leave a lasting impression on how your children handle money.
Be a good example.
Resources for Parents of Teens
Whether you are as confused as your teenager about how to handle and help your young person, here are some of the resources that I have found helpful as I write my weekly newspaper column:
Amy McCready gives great suggestions about what you might try: amym@positiveparentingsolutions.com.
Sue and Steph help through Your Teen Magazine: editor@yourteenmag.com
Alyson Schafer@hello.alysonschafer.com
Empowering Parents: service@empoweringparents.com
I believe this is one of the most challenging times for raising children, and all of us can use help and advice to try to keep things calm and peaceful for all concerned. If you have come across more websites to share, please email me at bettemroz@gmail.com.