Top 5 Things to Teach your Teenagers about Money

No. 3: Teach them about money tracking

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One of the biggest reasons why most adults will go into debt at one point in their lives is because they’re not really proficient at tracking their money. Prevent this from happening to your teenager, by showing them how they can keep track of their budget. You can use handwritten journals, Excel files, or one of the countless money tracking apps out there. Show them how you yourself track your money so that your teenager better understands what you are talking about.