Does your teen run away when you try to teach them about managing their money?
Many teens may not show immediate interest in learning about financial management, often because they don't yet see its relevance or importance in their lives.
Here are some strategies and resources that can help with that.
Note: Some links on this website are affiliate links to products that I may earn a commission on if you buy through my link (at no extra cost to you).
Strategies and Resources
Make it relevant
You might start with, "Let's look at some cars online and see how much you'll need to save."
If your teen then feels daunted by the cost, help them figure out how much they need to set aside each month and maybe discuss ways to earn more to afford it quicker.
Involve them in real-life scenarios
Sometimes when you gift responsibility to your teens, it gives them a sense of pride that you trust them and will make them want to do a good job. (The same rule applies for dogs, funnily enough!)
Peak their curiosity
Money Mindset for Teens and Young Adults: Practical Lessons and Activities to Attract Wealth, Master Budgeting, Understand Student Debt, and Start Building a Stress-Free Financial Future in 31 Days
Lead by example
Don't hide your finances from your kids. Don't scare them! But it's good for them to have a realistic idea of what your family can, and can't, afford.
Often, your teen will pay attention when it comes to family finances because it affects them.