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Wonder Years Or The Blunder Years? Teens And Money Management

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Here’s how you can prepare your teenage child for years of financial wonder and help them avoid money-related pitfalls along the way. But cosmetic disasters aside, if you are the parent of a teenager, you are in pole position to make sure his or her wonder years don’t morph into blundering years of financial mismanagement.

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Tips To Prep Teens For Better Finance Habits In The Future

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However, getting teens into the right financial track can really make a difference in their financial future. While the scale of personal finances is rather small when it comes to teens, good financial habits are universal, and hence, applicable to the young lot too. On that note, here are some golden personal finance tips for teens.

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Money Advice For The Parents Of A Teenager

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If your child is a teenager, it’s even more important to help them get onto the path to financial independence as they might be just starting to manage money in a small way. However, many teenagers know barely anything about managing finances. So, as a parent, the sooner you start teaching them about money, the better.