post

Is Money in Your Teen’s “Circle of No Control”?


Sean Covey, in his book The 7 Habits of Highly Effective Teens, advises readers to identify those aspects of life that they can control and those that they can’t control.  When teens are learning how money works and how to manage their money effectively, they move this area of life out of their “Circle of […]

post

Jean Harris’ Tips for Teen Money Management


Today’s post features teen money management tips from Jean Harris, financial literacy facilitator.  Here, Jean shares the vital lessons one must learn in order to be financial responsible.  Note:  This doesn’t just apply to teens!   “My dad told me there are 3 things that can be done with money. ‘You are either, Making, Managing or […]

post

Top 10 Mistakes Parents Make with their Teens’ Financial Education


  1. Think it’s not important now.           2. Think they can be their sole source of a financial education.           3. Think that a high school course on personal finances will be sufficient.           4. Think their teen doesn’t think it’s important.           5. Tip-toe around the subject of money.           6.  Give their teen an allowance without any […]

post

A Thoughtful “Top 10” for Teen Financial Literacy, by Melissa Pazen


Today’s post features parenting coach Melissa Pazen.  As a coach who often works with young families, she takes a thoughtful approach when considering the important lessons that parents must instill into their impressionable teens about money and money management.  Here is Melissa’s list for parents to consider: 1. Respect for resources and belongings: Take care […]

post

What is wealth…really?


What does it mean to be rich?  To be wealthy? I tell teens that wealthy people have the amount of money required for them to have the lives they want and to allow them to make a difference for others and for the planet in ways that matter to them.  Wealth, therefore, is a different […]

post

11/18/11 ~ This Week’s Roundup


On Friday’s, we will be sharing a list of the blogs that have caught our attention during the week.  We hope that you find it interesting and helpful! This week’s roundup included: Smart Family Finance.  This ‘Family Finance for Parents’ page includes several intriguing articles that offer parents ideas on how to include the family […]

post

A Practical “Top 10” for Teen Financial Literacy by Neale Godfrey


From time to time, we will be featuring advice from financial experts, educators, and other influencers in the field of parenting and money management.  This week we are featuring Neale Godfrey, #1 New York Times Best Seller for Money Doesn’t Grow on Trees: A Parent’s Guide to Raising Financially Responsible Children.  Here is what Neale […]

post

The goal-setting conversation: Make It Real, Make It Matter, Make It Last


When you have that first and most important money conversation with your teen about setting a long-term financial goal, there are a few things to keep in mind:  The goal your teen sets is a number and an age.  For example, “I’m going to have $2M dollars in a bank account by the time I […]

post

How to use a credit card (from the mouth of a teen!)


Ok, so you’ve decided to allow your teen to have a credit card.  Don’t forget to talk with her about how to go about using it responsibly!  Edwin Brett, a credit card carrying teen, provides some valuable insight into owning and using a credit card.  Read his article here. © WealthQuest for Teens, Ltd., 2011 […]

post

Which path will they take?


“Money management?  What a pain!  Why should I bother?” When my students ask me this, I point out that being BROKE is a pain, too!  So, you can have the pain of managing your money (and have the life you’ll get from that—security, peace of mind, opportunity) OR you can have the pain of being […]