What are some basic personal finance skills teenagers should learn?
Teenagers should learn some basic personal finance skills such as budgeting, saving, and understanding credit. Budgeting involves tracking income and expenses to ensure that spending stays within one's means. Saving involves putting aside money regularly for emergencies and future goals. Understanding credit involves knowing how credit scores work, how to use credit responsibly, and how to avoid debt. By learning these skills, teenagers can develop good financial habits that will benefit them for the rest of their lives.
This mind map was published on 1 May 2023 and has been viewed 56 times.
