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How to Reach Your Money Goal on Time


Set up your Silo System.  This is the WealthQuest for Teens system for money management for teenagers.  This system is PERFECT for teens and it will serve your teen for his or her whole life.  This is a way to turn money into a tool that funds the life of their dreams—this is how your teen learns to grow, spend, save, and give money in a planned, intentional, systematic way.

The Silo System teaches your teen to follow EVERY guideline I have ever seen about creating wealth:

  • Pay yourself first
  • Spend less than you earn
  • Avoid credit card debt
  • Set aside a predetermined percentage of all the money you receive for both short-term AND long-term savings

The Silo System takes time, planning, and attention to set up and use.  Starting as a teen gives your teen every advantage to begin adulthood with great skills, habits, and attitudes.

© WealthQuest for Teens, Ltd., 2011 All rights reserved worldwide.

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Comments

  1. This is a good recommendation. It is important the the teens learn how to value their money at an early age. This board game will help impart to today’s youth how difficult it is to earn money and not to spend it on things that aren’t needed. A way to see if your teenagers are handling their money wisely is a prepaid debit card, wherein you can monitor their spending trends and can cut it off when necessary.

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