Teaching teens how to be financially successful
It has been reported that 30% of teens have credit cards and that this group has $153 billion to spend. That now known, it is easy to see why the credit card industry is marketing to this group so intensely.
Teaching these teenagers about finances and credit issues is also becoming a part of the internet. Some sites to visit for learning are:
Sandbox Entertainment: Business—You will find business articles, news, and games for learning stock.
Investment Games —A professional investment training site for the very serious.
Credit Card Nation—An entertaining, very effective, education program design to teach each person about the most effective use, potential hazards, and unanticipated abuses of consumer credit cards.
Family Finances—Sites dedicated to teaching youth of all age groups about money, budgeting, fiscal responsibility, and even taxes.
Take advantage of these sites in assisting teenagers to learn the value of their spending abilities. The knowledge they glean from these sites can and will protect them from financial disaster.
Another activity that my be beneficial for the parent is to find forgotten money. There are numerous ways that one can unclaimed money. Sometimes when you move you do forget the utility deposit and your forwarding address is not listed or even expired. Safe deposit boxes are sometimes abandoned. If you want to find out if you have unclaimed property do a money search. The search can reunite you with your lost money.
