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Budgeting Intended For Teenagers – The Parent’s Job

Budgeting for Teenagers – The Parent’s RoleArticle by Annie Moore








Control Money, Not the Other Way AroundMost of today’s’ family problems are tied with irresponsible money management. Many of today’s parents didn’t instill the proper value of money into their kids. Why should they? There was plenty to go around until the economic debacle. Because of this we should begin teaching our children to use their money sensibly to keep them out of trouble. But they say teaching teenagers to do it is like teaching old dogs new tricks. That’s not true really. I know of some teenagers who are just doing fine. They discovered that money is not the master but the slave. We control them, not them controlling us.Money SenseThere are three things we should know about money. We can only spend what money we have. Second, we can only have money if we work. And the third one is we can’t spend money if we don’t have it. One of the three is false. Which of the three is it? Yes, your guess is right! Its number three: credit spending. That’s the biggest reason for the economic collapse. People using their credit cards like there’s no tomorrow.Credit Cards and Doing by ExampleThe first thing to do is teach our teenagers about correct budgeting, don’t even allow them to have any credit cards. Explain to them the virtue of spending only within their means. Better still;

Budgeting Intended For Teenagers – The Parent’s Job

Wed, January 18 2012 » Uncommon