Todays Generation Of Teenagers Are Earning More Money Than Their Counterparts Did A Few Decades Ago. With The Summer Jobs And Part-time Work That Is Available For Them, Kids Are Starting To Earn And Learning To Spend Money That They Worked Hard For. There Are A Lot Of Things That Would Tempt Them To Spend. As A Parent, It Is Important For You To Instill The Value Of Saving Money On Your Teenage Kids So That They Can Carry This Habit With Them As They Grow And Live Their Own Lives. Here Are Some Tips On How You Can Instill The Value Of Saving Money On Your Teenage Kids: Start Training Them At A Young Age. Your Child Is The Primary Witness To Your Spending Habits. If They See That You Are Fond Of Buying Luxury Items, They Might Think That These Things Are Essential, Too. On The Other Hand, If They See That You Stick To A Budget And Are Spending Your Money Wisely, They Would Adapt The Same Attitude And Think Twice Before Buying Something Expensive For Themselves. Make Them Work For What They Earn. Kids Can Learn The Value Of Hard Work If You Start At Your Own Home. Give Them Extra Money For Doing A Household Chore That You Would Normally Have To Pay For. Have Them Help You At Work And Give Them Extra Incentives. These Practices, When Started While The Kids Are Young, Would Help Them Grow Into Teens Who Know The Value Of Your Hard-earned Money. Allot Some Of The Money That They Earn For Their College Education. If You Teenage Children Are Already Earning Money From Summer Jobs Or Part-time Work, You Can Have Them Save A Partial Amount Of Their Paycheck And Assign It For Their College Tuition. Although Scholarships And Grants Are Available, It Is Still Better If You Have An Extra Amount Saved For Additional Expenses When They Go Off To College. Having Contributed Something Towards Their College Education Would Also Give Then A Sense Of Pride At The Work That They Did. Finally, You Can Sit Down With Your Teen And List Down A Spending Plan. Saving Money For A Big Purchase Or For Their College Tuition Is One Way Of Instilling The Value Of Money And Hard Work On Your Teens. With Enough Patience And Guidance, You Can Help Your Teenage Kids Manage Their Money Wisely.
