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Exactly how teenagers handle their funds: just what moms and dads must know

Exactly how teenagers handle their funds: just what moms and dads must know

Moms and dads with teens understand absolutely nothing comes simple, including money management that is teen. From assisting your child start a bank account to having to pay an allowance, you might begin to feel just like your child’s boss, instructor and monetary advisor rolled into one. Observe how kids have a tendency to spend and save your self, and start thinking about teaching them some money that is good that could endure a very long time.

Where do teenagers obtain cash?

Most teenagers ages 12–17 get money from their moms and dads in a choice of the type of an allowance or via moms and dads investing in things straight.

Direct from moms and dad

Supply: Mintel, strategies of Kids and Teens, United States, 2013

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