• Start early. Teach your teen smart fi nancial decision-making, and how to balance needs, wants, spending and saving.

• Break it down. Experts suggest teens should give 10, invest 10 and save 10 cents of every $1, leaving 70 cents for everyday needs.

• Teach values. Part-time jobs are a great way to learn about money and responsibility, but shouldn’t overshadow school.

• Set goals. Help teens plan for a future purchase. Help them experience the satisfaction of achieving a goal themselves.

• Make it real. Help your teen open a savings and checking account. Teach about credit and how to protect themselves.

To Learn More...

Money Doesn’t Grow on Trees, A Parent’s Guide to Raising Financially Responsible Children” Neal S. Godfrey

“Millionaire Babies or Bankrupt Brats” Jim Fay and Kristan Leatherman, M.S.

“Teenagers Preparing for the Real World” Chad Foster, www.chadfoster.com

“Financial Literacy for Teens” Chad Foster, www.chadfoster.com

Financial Literacy, www.uen.org/financial_lit/student/teen_activities.shtml

 For More Direct Help...

• The Family Conservancy, 913-342-1110
• Junior Achievement, 816-561-3558
• Your local financial institution may offer money management seminars