Basic financial literacy for teens

Teaching financial literacy to teens has captured the interest of many individuals from various walks of life. If you are one of them, this page is an excellent place to start. The following case history offers a prime example:. Genevieve Owens was a retired nurse with a lot of time on her hands, so she was volunteering at the Youth Center. Her interactions with the teens had given her a keen interest in providing them with a financial education to get them started down a road toward financial wellness in adulthood.
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Personal Finance Lessons for Teens

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Practical Money Skills

Saving money is a habit that can take time to build, and even some adults have yet to master it. With that in mind, here are some things you can do to get your kids—and perhaps yourself—on the saving bandwagon. Explain that needs include the basics, such as food, shelter, and clothing, and wants are all the extras. You can use your own budget as an example to illustrate how wants should take a back seat to needs in terms of spending. If you want your children to become savers, allowing them to earn and save money provides them with the opportunity to learn how to use it. To a kid, being told to save—without explaining why—may seem pointless.
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Financial literacy: An epic fail in America

In this world, one has to be in touch with their finances and know how to maximize their income to meet their unlimited needs. This being said it is important to learn the basics at an early age, for example, our teen years. If you are a teen and wish to know how financially literate you are then take up this test and get to know. Forgot your password?
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Whether you want a crash course on tax credits or a briefing on federal financial law, these lessons make it easy to understand the economy. Each month, we honor an Innovative Educator who has found exciting new ways to teach financial skills. Games can be powerful teaching tools. Use these fun, interactive games to help teach young children financial skills.
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