When teens get all their money from parents, they may not understand the balance of income and expenses that goes into a budget. However, as they get older, they have to make spending and saving decisions. An early start on that part of their education can prevent many financial problems in their young adulthood and.
Use these methods to get your child saving now as well as in the future.Author: Deacon Hayes.
Mar 18, 2015 · The Importance of Saving Your Money Starting at a Young Age. John @ Teens With Money says. March 18, 2015 at 5:15 pm. Thanks for the comment Paul! As a teenager it can be hard to realize the long term benefits of saving money. They think, “Why should I save my money when I can go buy whatever it is I want and have it now?”.
A teen does not have to believe in a savings plan in order to reap the benefits of money saved in the future. I’m sure there are many other benefits to requiring a teenager to save their money. Do you make your children save? If so, how is that going? Do they resent the requirement or do they see the wisdom in it .