teaching your teen about money management

curbing the teen money pit

Here's the Problem

Every year I poll the college students I teach about what they wished their parents had done differently when they were in middle and high school. Surprisingly, most of my students say, “I wish they had taught me how to manage money.” Now, as college students, they find themselves in a constant crisis over money. Because of the financial strain of putting a kid through college, many parents rightly let their kids know that if they want spending money they'll have to earn it themselves. Most parents, totally tapped out with tuition and room and board, expect ...

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