Most teens get their money habits and skills from their parents. Skills like setting goals, looking up missing facts, and following through to help teens achieve financial well-being in adulthood. These skills are a foundation for deliberate financial decision-making, like financial planning, research and intentional decisions. At this age, independent decision-making is a money milestone you can watch for, and help your teen reach.
Money ideas to talk about with your teen
Keep in mind that you're teaching about money, on purpose or not. Your children are constantly watching and listening, so they might absorb more than you think. When you shop for a bargain, or splurge on a treat, or plan a special occasion, you're showing your kids how to think about money.
Don't worry too much about things you don't know. You're in good company. Most people don't. and that's okay. Every day, you excel at something your children need to learn – whether it's managing your time between work and home, saving money when you shop, or planning for a future event.