WHAT PARENTS NEED TO KNOW ABOUT HELPING TEENS BUDGETMany teens think they know almost everything – that is until they have to experience adulthood for themselves. Parents of adult children will likely tell you that when their children were teens they, as parents, “knew nothing,” but when the magic of adulthood came around, everything changed.
Your teens may even think they know how to budget. As a parent, however, you know that it’s not always easy to make and stick to a budget.
So how do you teach teens about budgeting? At Wealthy Habits, our goal is to make the conversation easier and a lot more fun for both parents and teens. Here are three tips we share in our online parent webinar, How to Teach Your Kids About Budgeting.
Debt can be constructive if use right and destructive if abused.