Between girls, boys, college essays, and what to wear on Friday night, teenagers have a lot to think about. That’s why the best thing a parent can do is to think about the things that their teenagers aren’t. Like financial planning. It’s a lot less interesting to the average teen than who said what about whom at lunch today, but parents know it’s a lot more important. Learning how to save money responsibly is crucial to a young adult’s success in the world, but it can be a hard thing to teach.
SavedPlus can help. SavedPlus is an innovative personal finance tool that makes a small automatic transfer from a user’s checking account to her savings account every time she spends money. By getting a SavedPlus account for your teen, you can get them into the habit of saving money early, and they can immediately see the benefits. By setting clear savings goals and targets (that new long board, the concert in two months that absolutely everyone is going to or, God forbid, maybe even a Mother’s Day present), your teen will learn that consistently putting aside a little money ends up amounting to a whole lot. And you can rest a little more easily, knowing that when it’s finally time for your little hatchling to leave the nest, she will be that much more ready, and that much less likely to need to come back and live in your basement.
Although we wouldn’t hold our breath on the Mother’s Day present.