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Teens & Money
-Marshall Loeb encourages parents to take another look at offering allowance as a
payment to your child for household chores. His opinion is that children need to
do household chores in order to contribute to the family and that allowance should
be tied to some other action. He encourages creative thinking when it comes to ways
to promote fiscal responsibility in your teen.
Link: Teaching Kids Fiscal Responsibility -A detailed report on how a parents wealth, and how they handle it can
have a major effect on their offspring. Middle class or high class,
this article stresses the importance of teaching your children the
responsibilities associated with money. Rich kids may be given a lump
sum or a prepaid card but most still have to work a bit for their
allowance.
Link: The
Teenage Economy - In a city obsessed with money, kids are, too. And the
choices parents make have powerful effects on the separate, sometimes
cruel, world of adolescence. By David Amsden
-The FDIC offers a variety of assistance to help teens and consumers
understand how to handle their money and resolve complaints. Summer
2006 - Start Smart: Money Management for Teens
Link: Sources of Help and Information About Money Matters for Teens and Families By FDIC Consumer News
-This publication presents some helpful guidelines and suggestions
parents may follow. It provides general background and outlines by age
group and stage of development children's understanding and use of
money as well as conflicts about money. It also identifies activities
you can use to teach your child about money.
Link: Teaching Children Money Habits for Life By Sharon M Danes and Tammy Dunrud
-Summer 2006 - Start Smart: Money Management for Teens
Link: A Final Exam: Test Your Money Management IQ By FDIC Consumer News
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