Building sound money habits at a young age can set you up for financial success through the rest of your life. Fortunately, there are many resources available to help young people learn and build financial skills that are also fun and rewarding.
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Welcome to Money Tip Tuesday from the Making Money Personal podcast.
Financial literacy is important for people of any age. Without a fundamental understanding of money, it’s difficult to build effective habits that will last throughout the many different stages of life.
The earlier in life people learn about and practice important money skills, the better.
Teens are right at the point where money habits start to become relevant and important. They’re likely to get their first job, buy their first car and enjoy their growing independence. Their access to money provides them with the ability to spend more on what they want and need in life. But even though they may have money coming in, they may not know where to look for help when managing their finances.
According to a 2021 Greenlight survey, 74% of teens surveyed said they didn’t feel confident in their personal financial knowledge and 73% wanted more financial education.
The challenge for most people at any age is to find the right resources that provide effective education and training.
If you’re a teen or maybe a parent of a teen looking for some ways to encourage and build financial skills, here are 5 resources that can help your teen learn about money.
If there are any other tips or topics you'd like us to cover, let us know at tcupodcast@trianglecu.org, and don't forget to like and follow our Making Money Personal FB page and look for our sponsor, Triangle Credit Union, on Instagram and LinkedIn to share your thoughts.
Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.
Have a great day!
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