November 9, 3 min read. Talking money is still taboo for most adults and—surprise, surprise—the majority of kids are far from confident when it comes to financial know-how. A recent international study of 48, year-olds found that teens worldwide struggle with basic fiscal concepts. If your teen is ready to learn this essential life skill, opening a bank account can be a great way to explore the ins and outs of earning, saving, spending and planning for the future. Here are some topics to help get the conversation rolling:. For instance, there are joint teen checking accounts that allow you to receive alerts every time your child makes a transaction.
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Our children need to be taught to be respectful. Think about it, babies are born having to manipulate their world to get their needs met, and they do this primarily by crying. And crying, manipulation, and disrespect are certainly not respectful ways to accomplish this. Unfortunately, many kids have not been taught respect or choose not to be respectful even though they know better. Sadly, this has become the norm for many children and teens.
A fee-free bank account for teens with a debit card and a top-rated mobile app. Teens can manage their money, while parents have visibility and control. Please use this search to check the status of locations near you. MONEY teen checking accounts are only available online.