Teens and Money

Six Ways to Get College Scholarships

Question: In your article about paying for college, you said you helped your kids research and apply for scholarships. Can you give me some advice about doing this?

Answer: It’s great to see a high school senior so motivated. You can do lots of things:


Handling hand-me-downs

Question: We have five boys in a row and currently hand clothes down as long as things last. We’ve started using your MoneySmart Kids system for our oldest two boys. How do you suggest making it fair for them as they begin buying their own clothes? Do I buy their clothes from them at half-cost or a percentage of what they paid for them to then pass them on to the younger boys?

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