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Suggestions for teenager's finances?

post #1 of 4
Thread Starter 

My fifteen year old has had a job since the fall, he's been putting half of his paycheck in savings and spending the other half through the week - food out, video games. I would love to have some books or websites to point him to, so he can get some financial info from someone other than me. He's a smart kid, he actually does listen and hear what I say, and he was interested when I told him I'd get him some books on the subject, I'd just like for him to be exposed to some financial concepts I didn't learn until I was an adult, made some mistakes, etc. I think it will help him own his choices a little more, and expose him to financial ideas earlier in his life that can be beneficial. 

 

I guess I'm looking for simple budgeting, managing and investing information - books or websites, that could apply to a young adult. 

 

Thanks! 

post #2 of 4
Is financial peace Jr too young for him? Depending on maturity he could maybe read the adult version too. Or find some fun personal finance blogs?
post #3 of 4

That's awesome he's already getting into saving thumb.gif I remember being his age and my paychecks would be gone before I could go deposit them lol. 

Since he's 15, I'll assume he's in high school? If he's more into hands on learning, many high schools have economics classes(and sometimes they are requirements...) and different types of life planning classes that touch a lot on finances, and so do the colleges if those aren't options :) I -personally- learn better by being exposed and hands on, so classes work great for me, but if he's a book type of guy, there are a lot of good books out there :)

post #4 of 4

The Rich Dad series is very well-written and has many books on various financial topics. They are usually available through a library since they are so popular (frugality!)

 

One of the best things he can learn to start is how the banking system works and how the stock and bond market works. Then he can make a choice about how or if he wants to participate in those systems rather than just follow the crowd.

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