PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
1601 Forum Pl. Ste. 1101 West Palm Beach, FL 33401
Navigating the Holidays After Separation page 1
Beards Were a Victorian Health Hack
What to Know When Violence Is a Factor page 2
We’re Here for You
Almond Butter Skillet Blondies page 3
Why Teen Financial Skills Matter Now More Than Ever page 4
SAVING IN A SWIPE SOCIETY RAISING MONEY-SAVVY TEENS IN THE DIGITAL AGE
In today’s tap-to-pay world, the days of piggy banks and cash allowances for chores are gone. Teens are growing up with financial apps, Venmo, debit cards, and virtual transfers they can’t physically see. In this cashless culture, parents have to rethink how they teach young adults basic financial literacy. Empowering your children to budget wisely is all about helping them understand the value behind a swipe, tap, or click. TEEN SPENDING Today’s teens spend more money online, frequenting food delivery apps and websites like Amazon or Sephora. Though their digital shopping habits have increased, fewer young people seek part-time or summer jobs. Studies have found that teens who
work to earn a paycheck are more likely to budget, save, and think before purchasing. With less hands- on experience with money management and the convenience of buying items with the simple click of a button, it’s become easier than ever to spend money impulsively and recklessly. TEACHING TIPS In a sea of apps and short-form videos, parents can be a trusted source of information about financial literacy; it just takes creativity to make the lessons stick. Start by having regular discussions about finances as a family. Real-life examples can help them practice saving and budgeting, like plotting out the expenses for school supplies or identifying big purchases they want to make, like a car.
Encourage teens in a fun way, like doing a savings challenge where they have to put away $1 every week. This can help them get into the habit of saving and waiting to buy the things they want until they have the budget to support it. Gamify money management lessons as much as you can to keep them engaged. You can even find apps that help young people budget and learn important financial concepts. One app called BusyKid helps them manage their allowance and introduces them to safe investment opportunities. In a world where money moves with a tap, it’s more important than ever for teens to focus on financial literacy. With the right tools and conversations, you can help them set up smart money habits that last a lifetime.
4 • BrucePA.com
Made with FlippingBook Ebook Creator