Essential Money Tips for Teens
Most teenagers live at home and have their parents as a safety net for financial concerns. However, as they get closer to adulthood, it is essential to ensure you have the financial know-how needed to avoid expensive mistakes related to money management.
When a teen moves toward financial independence, work a job and prepare to move out, they should be given tools and strategies to help them improve their money management skills. From taking out MaxLend loans to creating and sticking to a budget, keep reading to learn more about essential financial skills for teens.
Open a Checking and Savings Account While Living at Home
Teens should not wait until they are living alone to establish accounts with a bank in their local area. It’s smart to set up a checking and savings account and learn about these basic functions as early as possible. This includes things like using …
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