The Evolution of the Money Talk: What to Say When

Sanyika Calloway Boyce, author of Teen Money Tips: Simple Steps for Banking, Saving & Making Money offers these suggestions:

• At 10: Limits and spending rules

• At 12: How much things really cost and the “value” of a dollar

• At 15: What credit is and how it works

• At 16: What the deductions are on their paycheck

• At 18: What a credit score is and its importance

• Anytime/all the time: Needs vs. wants, budgeting and the importance of saving and investing

Things Not to Say to Your Teens About Money

• “We’ll never get ahead.”

• “All we get in the mail is bills.”

• “We don’t have money for the bills because we paid for your school clothes/karate class.”

• “Credit and/or debt are evil.”

• “Do whatever it takes to make money.”

Tamekia Reece is a writer in Houston, TX. She's written on parenting topics for Parents, Woman's Day, Parenting, and Fit Pregnancy. Visit her at
www.tamekiareece.com.

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Issue: May 2008