let them experience how to earn it
Dallas, TX (PRWEB) September 16, 2016
National Debt Relief recently shared in an article published September 8, 2016 some very valuable tips on how parents can help encourage and empower their teenagers in the house to start saving money. The article titled “4 Tips To Encourage Your Teenager To Start Saving More” shares these information for the benefit of teenager’s financial future.
The article starts off by acknowledging the fact that encouraging teenagers to start saving more is a task easier said than done. One reason is that at this age, they are trying to look for and build up their own identity and is slowly starting to affirm independence from their parents. This is a good chance for parents to start nudging them in the right financial direction.
One of the ways to do this is to help encourage teenagers in goal setting. The article explains that having a goal is one potent way to get people to save money. It is a little more challenging for teenagers because they do not have concrete ideas on what they want in life. What parents can do is to ask them what they want to accomplish in a few years and build on that information.
The article shares how putting the money in the bank is oftentimes the go-to saving solution for people. When it comes to teenagers though, it is ideal to make the task more visual and a savings jar is one of the best ways to do that. They get to see their progress on a daily basis and it can encourage them to keep at it and do more.
One of the tips the article gives to parents in getting their teenagers to save money is to let them experience how to earn it. This can be as simple as getting them a part-time summer job. If the parents have a business of their own, they can hire their teenagers and give them responsibilities. This exercise helps the kids appreciate the value of earning money and how hard it is to earn them.
To read the full article, click https://www.nationaldebtrelief.com/4-tips-encourage-teenager-start-saving/