With the start of the new year, many people are looking to make massive changes in their lives and when it comes to raising our kids, now is also a great time to help them learn new skills as well. Last week we put up this great 52 week Money Challenge for kids, specifically designed to encourage your child to earn and then save. With only a quarter added each week, a child could easily see the impact they were having on savings. But what about the older child or teen? Many teens, by the age of 15, are earning their own income by mowing lawns, babysitting, or even a part time after school job. And while most teens have new cars on the mind, this is a perfect chance for you to teach your teen the lifelong skill of savings.
52 Week Money Challenge
This easy 52 week money saving challenge for teens makes it easy to start ANY WEEK OF THE YEAR and see how building on what they put away leaves a large savings plan by the end of the year.
START THEM EARLY
<———-Got a kid that wants to take it a step further? Make sure you pick up this book! Its an easy to read book that helps explain how to take $100 and turn it into a million.
From the creators of Biz Kid$ and Bill Nye the Science Guy, here is a comprehensive guide for kids to the basics of earning, saving, spending, and investing money.
Combining this sheet and book is a great way to get your kids on a healthy money path.
52 Week Money Challenge for Teens
Simply print off this handy work sheet by hitting the image below and you can see how the growth of each weeks earnings add up to a large end of the year savings!
*best to print on Cardstock
As a parent of an older child or teen, this might be a great time to talk to them about
- How to write a check
- Credit card responsibility
- What interest means
Unfortunately, many teens can go on into adulthood with little knowledge about how to manage money. It’s so easy as a parent to balance our own budget and pay the bill and forget that our kids need help to learn how to do this as well. Make sure your teen leaves your home educated about what to do with that paycheck after they earn it. This simple money challenge can help young adults learn how to not spend beyond their means, be prepared for an emergency or simply save for an “extra.”
Before you go >>>>>>>>>>>>>>>>>>>>>>>>>>Follow all FREE PRINTABLES on PINTEREST HERE.