Today's Tip for Families

07-03-2023

Help Your Teen Learn the Value of a Dollar

Summer is a great time to help your teen focus on a critical skill: money management.

Try these tips to help your student become a good money manager:

• Help your teen create a budget—and live with it.
• Encourage saving. If your teen has a summer job, suggest saving a fraction of each paycheck.
• Help your teen open a checking account and use an ATM card responsibly. Each month, your student can balance that account and see where the money goes.
• Discuss the importance of keeping track of electronic payments.
• Schedule family meetings to discuss your family spending and saving goals.
• Avoid coming to the rescue if your teen makes mistakes managing money. Instead, talk about what your teen can do to turn things around.

Brought to you by:

Cambridge City Schools
Title I Program

[School Success Ideas for Families]

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