Help Your Teenager Handle Money

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Do teens ever listen to their parents?

Help Your Teenager Handle Money

This is especially important for teenagers who will be heading off to college: If your child doesn't have a checking account, open one now and help her learn how to write checks, use ATMs, and balance her account. Be sure to talk to your child about credit cards, since credit card companies target college students. Help them to understand interest, minimum monthly payments and the ramifications of a poor credit record.

   

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Jennifer Mathes, Ph.D.