Your Teen's Money Skills

A Lie Parents of Teens Love to Tell Themselves (and Each Other!)

WealthQuest — Wed, 22 Feb 2012 17:34:02 +0000

The biggest lie parents of teens like to tell themselves and each other is “My teen will learn to manage money when they’re adults, and it will all be fine.” Here’s what a Junior Achievement white paper has to say: One of the best and most recent examples of a lack of financial literacy is [...]

How to Motivate Your Teen to Care About Money

WealthQuest — Mon, 20 Feb 2012 19:08:22 +0000

Motivating your teen to want to learn about money isn’t as difficult as you think! Here are a few things to remember: The reason money is important to YOU isn’t necessarily the same reason why money is important to THEM. Your cares and motivations are different. For example, here are some things teens don’t really [...]

Give: The Crowning Jewel of Great Money Habits and Attitudes

WealthQuest — Fri, 17 Feb 2012 17:06:26 +0000

We teach teens to give 10% of all the money they receive in paychecks and gifts as part of a wholesome money management approach. It’s part of a whole program that we call the Mark of a Masterful Money Mind and Heart. When your money habits and your money mind are working so well that [...]

Sports Fans: Test Your Money Management Skills with These Financial Games!

WealthQuest — Wed, 15 Feb 2012 15:11:33 +0000

Are you looking for a way to brush up on your financial know-how or is your teen ready to learn important financial concepts? Financial Football, created by Visa and the National Football League, is a fun way for anyone to learn key money management skills. Players score touchdowns each time they answer financial questions correctly. [...]

How to Talk to Your Teen about Money in a Way that Matters: The Ultimate Guide, Part 3

WealthQuest — Mon, 13 Feb 2012 17:38:48 +0000

This is the final part in our series. So far, we’ve discussed the importance of making the financial conversation with your teen one that’s real and one that matters to them. Equally as important is ensuring that it’s one that lasts. There are a lot of different ways to teach your teen about money management. [...]

2/10/12 – This Week’s Roundup

WealthQuest — Fri, 10 Feb 2012 16:20:18 +0000

Happy Friday, everyone! I hope you’ll enjoy these articles that caught my eye this week. Take Your Financial Blindfold Off! Jane Honeck talks about our attitudes toward money, making a central point that “How we think about money drives every aspect of life. Negative money beliefs like ‘I’ll never have enough’ or ‘I’m bad with [...]

What is your money type?

WealthQuest — Wed, 08 Feb 2012 14:24:48 +0000

Did you know that there are 8 different money types? Are you wondering which money type you are? The Money Coaching Institute defines each money type and also offers a quick and simple quiz that will inform you of the money type that best describes you, based on your personality traits. I found that taking [...]

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

WealthQuest — Mon, 06 Feb 2012 17:04:03 +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 [...]

2/3/12 – This Week’s Roundup

WealthQuest — Fri, 03 Feb 2012 16:25:00 +0000

I came across these interesting articles during this week’s travels. Each will get you thinking about your current practices and perhaps considering trying new methods. Happy reading! Expert Advice on Kids & Money: The Rule of Thirds. Linda Tucker, of the Consumer Credit Counseling Services, talks about the 1/3 approach that she recommends parents use [...]

Creating Good Money Habits is Key to Preventing Financial Chaos in Your Child’s Life

WealthQuest — Wed, 01 Feb 2012 19:01:25 +0000

Today’s guest post is written by parent & family coach Lesa Day, founder of We Win Life Coaching. In today’s world of tumultuous financial times we are responsible to teach our youth wise money management. If we stop and consider the mindset of many, the majority are accustomed to immediate gratification. Whether it’s “Googling” something [...]