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Can We Really Trust Schools to Teach Our Teens All They Need to Know about Money Management?


Should teens learn about money in school?  Of course!  The whole point of schools is to prepare our children to become productive and active citizens who make informed choices. Imagine a society that produces generation after generation of adults that spend more than they earn, that has little to no financial education, and that looks […]

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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 […]

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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 […]

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Not getting through to your teen? Try JA Finance Park!


YOU understand the importance and need of a budget, but does your teenager?  Are you finding difficult to explain it to her?  Capital One and Junior Achievement came together to solve this problem.  They have created a fun, free online simulation game that teaches your teen how to budget for real-life expenses.  Find out more […]

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Where to begin: Keep track of your money


I admit, this one took me a while to get together!  When I started to make my money work, I had NO IDEA how much money I had, where it was, what it was for, or what it was doing!  Man, I wished I had learned to do this when I was young, before the stakes […]

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LEARN about money!


Start to learn about money.  Parents who try to be their teen’s sole source for money skills are preventing their teenager from learning the habit of engaging in lots of opportunities to explore.  People with great money skills have this as a life habit, and starting to practice this habit as a teen is exactly […]

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The need is clear…..so let’s do something about it!


Parents who prepare their teens for adulthood by instilling great money habits and attitudes are extraordinary!  Your teen is learning a life skill that will allow him or her to have real self-confidence, peace of mind, security, a life full of options and opportunities, and the ability to make a real and lasting difference in […]

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Young adults need to improve their financial habits


The Charles Schwab 2010 Families and Money Survey revealed that parents of young adults (ages 23-28) “believe there are several areas of personal finance where their kids need to improve”. The top three areas mentioned were how to stick to a budget and live within their means (48%), how to save money (42%), and how […]

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The Laws of Money – No Degree Required!


Teach your teen the Laws of Money.  The Laws of Money are those principles that you won’t find in school textbooks or courses on personal financial literacy courses.  These principles are the basic understandings that wealthy people have and people who struggle with money don’t have.  They are consistently proven true by studying the habits […]

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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 […]