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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:

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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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Affording Kids' Activities

Question: How much money do you allocate per child for your kids' extracurricular activities

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Teaching Teens About Managing Money

Question: What can I do to help my 15 year-old to learn about budgeting and saving?

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Is it too Late to Teach my Teens to Save?

Question: What are some first steps to teaching kids how to pay for things they want, even if we blew it early on and they are now teenagers?

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