Money-Management Strategies for Kids and Teens
Kids are never too young to learn the value of a dollar. Help them hone the skills they’ll need for a lifetime of financial success with these hands-on tips.
THE CONCEPT: Comparison Shopping
Impulse buys, lack of research, bad timing, and human nature can be a person’s financial downfall. Being a savvy consumer counts—and these days thanks to the internet, it’s easier than ever to play that role.
PUTTING IT INTO PRACTICE:
Lead by example. The next time you have to make a big purchase that impacts the whole family, include everyone in the process. Show them how you take your time, do your research, and keep your information well-organized before making the best decision.
Step 2: Teach older kids how to navigate the internet to evaluate reviews, compare prices, look for and use promotions, and set up alerts when a product goes on sale. Younger kids can help clip coupons or check the weekly circulars for upcoming sales.
USAA is there for kids and teens on the road to financial independence. Click here
to find out how.