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Money Management Ideas Especially For Teens
Youngsters learn early the cliche' "money makes the
world go round" and yet have very little sense when
it comes to earning and using money responsibly.
I believe the cause for this is rooted in the fact
that parents seldom step up to the plate when it is
time to teaching children the difference between a
debit and credit.
Most parents I know simply choose to avoid the
money discussion altogether mainly because they are
not well educated in the area of money management.
They don't realize there are many ways available to
teach children about how money works. The easiest
and most obvious is to teach them using the one tool
they are most familiar with — the Internet.
Youngsters spend incredible amounts of time on the
Internet socializing and downloading stuff — most
often using their parents hard earned money. The
explosion of social networking sites makes it really
easy to share with our youth the concept of how
money works. Marketers and advertisers alike
recognize the significance of so much attention
neatly confined into nice little niche'markets.
Since parents are merely youngsters in adult bodies
who had not been properly taught how to use money
effectively as a tool they might consider learning,
practicing and then teaching the following lessons
to make money online.
1) Practice saving 10% of their allowance or gift money
2) Use their 10% savings and go into business selling
items online by creating splash pages promoting only
those things people want to buy
3) Join free traffic exchanges to promote their products
4) Organize friends and teach them to practice these lessons
The main benefit youngsters will gain from following this
list of lessons is they will obtain understanding about
how money and they will have a skill. Learning how to
appreciate the value of money as a tool and resource will
be useful to get what they want no matter what's going on
in the economy.
© Al White, All rights reserved.
Al White is a member of a private money making society committed to its members success: www.bizzymakingmoney.com.
Submitted on Feb 3, 2009
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