My son turned 16 this month and by year end will have his driver’s license. This means we’ve been hit with his wish list of cars. He’s showed me a few of his dream cars but I think you need to be a professional athlete to afford one of those! Well, it’s safe to say he will not be driving one of these cars in the near future.
The teen through early adulthood years provide a time when your child can practice making money decisions under your guidance. Here are four areas to discuss with your child:
Time moves so fast when you have children. One minute you’re changing diapers and the next you’re watching a confident kindergartner walking into the classroom. Now that your child has reached school age, here are a few ways to teach them about finances through pre-teen years.
1) Open a Savings Account