Banking Advice | BankingAdvice.com » Teen Banking http://bankingadvice.com Your Source for Banking Advice Thu, 17 May 2012 15:10:55 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Advice to Help Your Teenager Get Started With Banking http://bankingadvice.com/advice-to-help-your-teenager-get-started-with-banking/ http://bankingadvice.com/advice-to-help-your-teenager-get-started-with-banking/#comments Wed, 08 Feb 2012 19:48:15 +0000 walter http://bankingadvice.com/?p=1125 Advice to Help Your Teenager Get Started With BankingRaising a child can be one of the most challenging and fulfilling aspects of an adult’s life. In your role as parent, you’ll be their primary teacher for the lessons that will help them live their own lives safely and productively. One aspect of parenting that’s sometimes overlooked and underappreciated is giving a child a financial education. Fortunately, an increasing number of parents are starting to teach their children about money early in life. Often this takes the form of giving a weekly or monthly allowance (even if it’s just as small as $2.00), and helping the child understand the...

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Teens need money. They have more of a social life than they did when they were mere youngsters and that takes funds. Now that they have a job and are making money, parents wonder if they will manage their money well. It may be time for a checking account.

Kids learn their money management skills from watching their parents. The age of thirteen or fourteen may seem like a young age to introduce financial skills like managing a checking account. But before you know it, those teenagers will be away from home and living in a...

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