My sixteen year old son has a job that pays about $80/week and a savings account with about $1,500 and a Roth IRA with a few hundred dollars. How would you teach him effective money management skills – credit/debt traps, budgeting, retirement, investing, etc.
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What Are Good Ways To Educate A High School Junior In Personal Finance?
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Send him out to buy groceries or let him pay the gas bill once. That should teach him a thing or two.
Posted by flat back crystals | September 21, 2009, 8:03 amhttp://www.daveramsey.com/hope/nomatterw…
might cost a little money – but so worth it! He is all about helping people, not getting rich off of selling the stuff.
Posted by onephath | September 21, 2009, 8:03 amGive him a gift: Rich Dad-Poor Dad by Robert Kyosaki
He is in the correct road, he has a job and isn’t indebted.
Posted by Carlos G | September 21, 2009, 8:03 am