Making good money decisions is a skill that should not be ignored because every person will make financial decisions every day of their life, whether they have developed good money skills or not. Your teenager is no different.
Let me tell you a secret. Teenagers in America are financially illiterate and have been for decades. They simply do not know much about money. And teens that don’t know much about money become adults that don’t know much about money. That is not what you want for your teenager, because it leads to not being able to make ends meet, being unable to run their own small business, money fights in their relationships, challenges in the workplace, in communities, in churches, and anywhere else money decisions are made.