Your Teen's Money Skills

How Safe is Your Teen from a Disastrous Financial Future?

Jill — Sun, 10 Mar 2013 13:16:48 +0000

As parents and leaders, we want to do whatever we can to raise our teens so they are prepared to be happy, productive, thriving adults! And sometimes it looks like, once they are teens, there’s not much more we can do for them. We’re busy, they’re busy, and just holding it together on a daily [...]

Too Busy to Teach Your Teen Money Skills?

Jill — Sun, 03 Mar 2013 14:17:36 +0000

What a great sign! Busy teens are involved, living life fully, exploring lots of different activities and opportunities. I hope all busy teens grow into busy adults. As a busy adult, how do you find time to fortify yourself, your foundation, so you have the energy to enjoy your pursuits? I am finding that, if [...]

Can’t Keep Up? 5 Ways to Simplify Teaching Your Teen Great Money Skills

Jill — Sun, 24 Feb 2013 14:44:47 +0000

Some folks think teaching teens great money skills requires expertise and a calculator and a budget. I call that “stinking thinking”. This misconception keeps parents from teaching their teens a critical life skill. Try this simple step-by-step approach over time. Take it piece by piece…lean into it… Start by talking to your teen about why [...]

Your Teen’s Habits with Money Have Everything to Do with How They Think about Money

Jill — Sun, 17 Feb 2013 14:46:00 +0000

When I was young, I had very specific beliefs about money: I really and truly believed that wealthy people were shallow and not very smart. (My parents were academics, so you can see how I arrived at that conclusion.) I also believed that money was a pain. I never had enough, and whenever I wanted [...]

Top 10 Most Important Things Parents Can Do to Raise Teens with Great Money Skills

Jill — Sun, 10 Feb 2013 14:00:01 +0000

Have your teen set a financial freedom goal that sounds something like, “I will have $X by age X that will allow me to be completely financially free so I can have _________, be ______________, do _____________, and help _____________ without financial worries or constraints.” Teach your teen the habit of tracking his/her money. Use [...]

Teen Philanthropy: Why Wait?

Jill — Sun, 03 Feb 2013 14:21:24 +0000

EVERY expert in success, wealth-building, and living well tells us to give away some portion of our money (if we can). Philanthropy, say the experts, is part of living a great life. It makes us feel great about ourselves, it allows us to experience our power as citizens in our communities and in the world, [...]

How to Talk to Your Teen about Money in a Way that Matters: The Ultimate Guide, Part 1

Jill — Sun, 27 Jan 2013 14:12:36 +0000

Not so easy, eh? What makes your teen willing to be in a conversation about money is that you are willing to: Make it real Make it matter Make it last Those are the Three Pillars of Parenting Teens with Great Money Skills. If it isn’t real, if it doesn’t matter to them, and if [...]

Checklist for Parents Raising Teens with Great Money Habits and Attitudes

Jill — Sun, 20 Jan 2013 14:04:11 +0000

√ Practice: Does your teen employ a system of money management that has their money lined up with their current needs, wants, future goals, and commitment to the greater good of humanity? √ Talk: Does your teen talk about money with people who can teach them about it? Do you talk about money at the [...]

Is Money in Your Teen’s “Circle of No Control”?

Jill — Sun, 13 Jan 2013 14:08:19 +0000

Sean Covey, in his book The 7 Habits of Highly Effective Teens, advises readers to identify those aspects of life that they can control and those that they can’t control. When teens are learning how money works and how to manage their money effectively, they move this area of life out of their “Circle of [...]

Where to begin: Keep track of your money

Jill — Wed, 09 Jan 2013 14:07:16 +0000

I admit, this one took me a while to get together! When I started to make my money work, I had NO IDEA how much money I had, where it was, what it was for, or what it was doing! Man, I wished I had learned to do this when I was young, before the stakes [...]