What is the best way to manage your money as a teenager?
What type of bank accounts, investments or choices are best?
There are student saver accounts set up to encourage younger people to save. The whole point is to entice them to acquire great habits for the future.
I think it helps if the teen gets the assistance of a slightly older, trustworthy person, either a parent, uncle, aunt or family member. They could seek out the best savings plan available and then work together to save at least half of the income made through summer work or whatever. A team approach helps with accountability and discipline to save instead of shooting the whole wad. I know when my kids get money we have an agreement that at least half goes in the bank, unless if they are saving for something specific like a bike or school trip, then more needs to be put away. They have gotten pretty good about having fun with the smaller amount, in fact I think they are more satisfied knowing they have something stashed away for later.
by Stacie L 7 years ago
More ridiculous arrests coming out of New York today, as Citibank proves it's just as bad, or even worse than Bank of America in how it treats its customers. Earlier today, about two dozen people formed a queue inside the Citibank building in order to close their accounts as a part of the Occupy...
by Elena 7 years ago
African Leaders: What happens when their Bank Accounts are Frozen?Mubarak has Millions, Gaddafi has Billions. Both leaders Swiss/Europe Accounts Frozen. Does the money find it’s way back to their countries – to benefit the citizens?
by ngureco 7 years ago
Should Husband And Wife Have Individual Or Joint Bank Accounts?
by Karen 7 years ago
Is it better for a married couple to have separate or merged bank accounts?
by ShanteD 6 months ago
Can you really have a relationship with someone you don't trust.You can love them and want your relationship to work but if you don't trust them can it? Do you give it time and hope for the best?
by Brie Hoffman 7 years ago
I was just wondering because I'm beginning to have trouble keeping track of all of my hubs and it will just get worse.
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