It’s important to work on your child’s financial awareness early on, for once they’re teenagers, they are less likely to heed your advice. Besides, they’re busy doing other things – like spending money. When your kids are young, giving them small amounts of money helps them prepare for the day when the numbers will get bigger. Teenagers and college-age kids have bigger responsibilities. Checking accounts, credit cards and debt are as elemental to the college experience as books and parties. Teaching high-schoolers about banking and credit will make them more savvy when they leave the nest.
Securities offered through LPL Financial, Member FINRA/SIPC. Advisory services offered through Wealth Enhancement Advisory Services, a registered investment advisor.