Teen Money Matters: Managing a Budget
Have you talked to your teen about money? I’m not referring to allowance conversations, which are a beast of burden all on their own. I’m referring more to budget and banking conversations. I ask because many students we talk to don’t know how to stick to a budget, they don’t know much at all about credit cards, and they don’t know how to use a bank. It can’t hurt to teach them a few things about managing their money and avoiding debt, before they’ve got a heap of it.
Here are two money matters videos we recently shared on Skipping Breakfast. Check them out and encourage your teen to print up the budgeting spreadsheets attached. The more practice they have at budgeting, the better prepared they’ll be for college.
How to Create a Budget Video
(Print the spreadsheet to help your teen create a budget.)