Tuesday, September 09, 2008 The Four-letter word for Teens: Save! POST A COMMENT 'got a teen girl in my immediate family with a paying job -- at 19 she got cocky and tried living on her own, and totally screwed it up. She didn't pay her bills on time, and cried to momma how she was hungry and couldn't keep food in the fridge -- ('wha...she's making a couple of grand a month, I says): 'no planning. Spent all her cash on the day of her payday -- (what we call payday-rich). Let me back up, this is a bright kid. One subject they didn't teach in school -- (or in the home) however, is basic money management. I don't claim to be in league with the likes of Suze Orman...'but, I don't ever remember going hungry. So, I clicked my fake heels 'bout this book on money (aimed at teen girls). 'When it comes to money,' says the first paragraph. -- 'The most powerful four-letter word you can learn isn't an obscene one. It's save." START-'EM-EARLY: 'Kids need to get involved with money and they need to handle it,' says one expert. 'Parents need to involve their kids in financial decisions as soon as they are old enough to grasp it." Learning about money management now gives them a foundation so later on they avoid a lot of bad mistakes early -- and don't come running back home crying how hungry they are... Source: Washington Post Labels: Business-101, capitalism, economy, Finance, teens posted by Henry Cruz at 10:28 PM     ARCHIVES October 2005 . November 2005 . December 2005 . August 2007 . September 2007 . October 2007 . November 2007 . December 2007 . March 2008 . April 2008 . May 2008 . June 2008 . July 2008 . August 2008 . September 2008 .