TT has a great idea for the expansion of ma Angie’s business and contemplates drawing up a Will at the advice of his Standard Bank Financial Advisor.
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Older teenagers are ripe for learning the finer points of financial intelligence Read the previous posts for 5 to 9 years here (http://blog.standardbank.com/node/64946) and 10 to 15 years here (http://blog.standardbank.com/node/64958).
- Show them how to track their spending
Hopefully, you already have some financial discipline and can get your teenager to shadow your habits with these:
• List your regular monthly bills such as: internet service, utilities, phone bills etc.
• Track the ‘small’ amounts you spend on impulse buys, snacks etc.
Teaching your young teenager how to be accountable with their money, could be the greatest gift you give them. Having the right attitude towards money management, is a good way to get them started on the path to financial intelligence. If you missed it, please read the first part in the series here http://blog.standardbank.com/node/64946
Here are some tips to help get your teen money smart:
- Different types of income available