A 6-Step Plan for Teaching Your Teenager Financial Responsibility.
Are you worried that your kids won't be able to handle money when they leave home? Will they be able to pay their bills, feed and house themselves - maybe even educate themselves? This book shows you how to train your teenagers in money management so you can feel secure in knowing that when they fly the coop, they will survive and thrive in today's demanding world.
Parents who teach their children money-management skills and trust them to take responsibility for their own wants and needs develop confident children, and in turn they have a better and more trusting relationship with their kids. And the bonus - parents have more money!
Starting at around thirteen years, this book lays out a simple-to-use 6-Step Lesson Plan that covers six years. The first lesson is in budgeting for clothes and being a frugal and wise shopper. Then working through the plan, the teenager is introduced to handling their own bank account with their own ATM debit card, working out larger budgets and eventually operating a credit card. They do the work, you save the money!
On completing the 6-Step Plan, your teenager should know how to:
- Be a prudent and wise shopper
- Be excellent at budgeting
- Operate an ATM debit card and credit card
- Know about car, health, life and home insurance
- Know how to save and invest for the future and have an awareness of the cost of living as an adult in the real world
- Be proficient at finding information on the Internet and comparing costs and the quality of products from cars to university courses
