3 Financial Literacy Lessons for Teens

Did you know that only 17 states in the United States require financial literacy courses in high school? Here are three topics to cover with your teen to set them up for success.

1. Budgeting Basics. This will be a crucial skill for teens when they enter college and suddenly have to budget for everything from text books to pizza.
2. Interest Rates. Another vital concept for college-bound teens who will have to take out student loans.
3. Saving. Setting savings goals and establishing a “rainy day” fund are both excellent exercises for teens just getting used to money management.

Of course these tips aren’t just for teens! Anyone looking to become more financially literate would be well-served by diving into these topics.