Tip of the week

Teaching Tradeoffs: Kids and Money

After teaching kids money basics, it’s time for teenagers to put into practice the values they’ve learned.

Bombarded by ads and susceptible to peer pressure, teenagers may not always make the best decisions about money. Yet it’s important to put money in their hands now to prepare them for their financial life later. By handling money – and occasionally mishandling it – teens will start to grasp an important point about money and wealth: While it can’t grow on trees, it can grow.

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