The importance of a good budget
Handling money wisely
Your teenagers need your guidance, even if they don’t show it. You can remind them what the difference is between a need and a want, teach them budgeting basics and how to save for more expensive items. This is also a great time to introduce the debit card — and how to use it sensibly.
Your kids are probably still too young to have a credit card, but it’s not too early to talk to them about debt in general. If you have a mortgage, you can explain how it works. For now, you likely want them to know that it’s better to purchase something if they have the money to pay for it and to resist impulse purchases.
You know your kids best. Tailor these activities to your family’s needs. Your teens benefit from having adult conversations with you about money and finances, and it demonstrates that you trust them.