Wednesday, January 25, 2012

Teens and $$$

~ Teach them to comparison shop by checking store prices to internet deals
~  Have them remember shipping costs and coupon codes when searching for internet deals
~ They can use their smartphones to show clerks coupons from the screen
~ Have them find a job that actually interests them
~ Younger teens can babysit or cut grass
~ Some are reluctant to work but earning $$$ for big ticket items is motivation if you don't hand them the money
~ They won't be as likely to spend their whole check if part is direct deposited into savings
~ Show them how much interest they can earn with a savings account
~ Have them secure a low-limit credit card to begin to build credit if they are responsible teens
~ Visit the bank to open a checking and savings account
~ Teach them about banking and credit card fees

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