



TEENS WITH GREENS
Financial Planning Manual
for Teenagers
The Perfect Guide to Money
for Today's Adolescents
By E. Gahagan Sims and Cameron B. Lewis
This manual is a guide to help your teens learn what they need to know about personal finances. There may be a lesson or two in here for you, too. Believe me, my son pointed out a few hypocrisies to me. Ha! Here are a few suggestions:
Encourage them to get a job, not at the expense of missing school, however. It’s an opportunity to learn about the value of time and hard work. The purchase that looked perfectly reasonable when you were paying for it can seem less necessary when your kids realize they had to work a few hours to earn it.
kids today spend about five times more money than we did at the same age. Rewarding responsible cash conduct can help them appreciate the value of money. If you can, Set up a kid-sized version of a 401(k), and offer to match money that they save for themselves.
Show your kids how to bargain-hunt. Say no to credit cards (You do that, too.), at least until a child has demonstrated a high level of responsibility. Plastic tends to add to a sense of unreality about money; however there are pre-loaded debit cards that can be used to avoid carrying a lot of cash and for emergencies.
Sharing a cell phone bill as a great example of keeping expenses under control and you can teach your child about obeying limits and the high costs of exceeding them. Require that your children pay for any excessive phone charges, and you may get them practicing moderation in no time. Show them other household bills so they know your alias is not “Bank of Momma.”
Don’t feel guilty about saying "no" from time to time, but talk it over with your children so they learn to think critically about the advertisements aimed at them. None of us were born to make better decisions.
Parents and care-givers, like you still hold a lot of influence. Using it to teach your kids effective money management is a gift that will last a lifetime. It is also a gift that they can pass on.
Hey, Cameron is a teen!
Planting: Seeding different gardens for college, savings, future, stuff and fun!
Sowing: Scattering the first plants and re-seeding or diversifying in savings and investments!
Pruning: Cutting off and reshaping for more fruitful growth or better returns on invested monies!
Cultivating: Fostering future growth by weeding and re-churning or re-evaluating current conditions!
Taxes: Avoiding pitfalls of taxation and paying only what is due!
Entrepreneurship: Owning the dream, nurturing and growing it, and reaping the rewards of business profitability just as Greenhouse is owned by a teen!
Hey, this is a great way to have fun and compete with your friends, too!