In today’s blog, I will be listing 11 things all teens need to know about money before they start working.
There are only 5 states that require their students to take financial literacy classes
Alabama, Missouri, Tennessee, Virginia & Utah require high school students to take a class about financial literacy. However, I am very happy to mention that there are many schools in the states not listed above that have started to implement career preparedness courses in their curriculum because they believe that our teens really should learn about how money works before signing those working papers.
Alabama, Missouri, Tennessee, Virginia & Utah require high school students to take a class about financial literacy. However, I am very happy to mention that there are many schools in the states not listed above that have started to implement career preparedness courses in their curriculum because they believe that our teens really should learn about how money works before signing those working papers.
I remember how happy I was when I was old enough to get my working papers. My first job was at Kentucky Fried Chicken on Frelinghysen Ave in Newark, NJ. I was so thrilled when I got my first paycheck. I took 10% out for my tithes, 40% for my savings envelope and spent the other 40% on stuff I wanted for myself. I had financially literate parents who taught me how to manage my money this way. However, over the years, I have discovered that there are teens being raised by parents who are financially illiterate and if these teens are not exposed to financial literacy before they reach adulthood, they may end up repeating the same bad spending habits.
Below are the 11 things teens should learn about money before they spend it:
- History of Money
- Budgeting
- Pre-Bank Account Home Savings System
- Bank Savings & Checking Accounts
- Identity Protection
- Debit & Credit
- Buying a Car
- Part 1: Pre-College Expenses
- Part 2: College Expenses
- Moving Out/Rental Expenses
- Bargain Shopping
Financial Literacy Matters!
Teens living in today’s society are able to access financial literacy resources, tutorials & webinars on the internet. I was not able to do so when I was a teen. With some direction and a gentle push from us parents, our teens will become financially strong adults. And just maybe we can learn something new from them along the way.
Teens living in today’s society are able to access financial literacy resources, tutorials & webinars on the internet. I was not able to do so when I was a teen. With some direction and a gentle push from us parents, our teens will become financially strong adults. And just maybe we can learn something new from them along the way.
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 | AuthorMy name is Cee Strickland, and I’m the founder of Cee & Learn. I live in New Jersey and have 3 daughters and 2 grandkids. I super love literacy! Read my full bio by clicking here. Literacy Matters! |
Sources:
Folger, Jean. "Teaching Financial Literacy To Teens." Investopedia. N.p., 30 Apr. 2013. Web. 15 Jan. 2017. <http://www.investopedia.com/university/teaching-financial-literacy-teens/>.
Berman, Jillian. "Only Five States Require High School Students to Take a Class about Money." MarketWatch. N.p., 20 Oct. 2015. Web. 15 Jan. 2017. <http://www.marketwatch.com/story/teaching-about-money-does-your-state-make-the-grade-2015-10-20>.
Folger, Jean. "Teaching Financial Literacy To Teens." Investopedia. N.p., 30 Apr. 2013. Web. 15 Jan. 2017. <http://www.investopedia.com/university/teaching-financial-literacy-teens/>.
Berman, Jillian. "Only Five States Require High School Students to Take a Class about Money." MarketWatch. N.p., 20 Oct. 2015. Web. 15 Jan. 2017. <http://www.marketwatch.com/story/teaching-about-money-does-your-state-make-the-grade-2015-10-20>.
