May 30, 2019

Youth Employment & Money Management

Teen female coffee shop employee

A teen's first job provides a great opportunity to shape positive financial habits

Many teens think about how they can earn money so they can spend it, but it’s important to learn how to manage it as well. The best place to start is with a bank account. Once you land that new job, you should establish a bank account to keep track of your new earnings and keep it safe. This one step will open the door for hands-on experience managing money and discussions with others on various aspects of financial management, which will help prepare for the future.

Click here to read more about the positive impact and gain practical parent tips in this FDIC article.