How to Encourage Good Spending Habits with Your Teens
Do you know how to encourage good spending habits with your teens?
With all our financial obligations it’s easy to lose focus when it comes to teaching our kids good spending habits. A recent study has shown that 21% of teens spend their money on clothing and food, 10% on personal care and accessories, and a further 8% on shoes and electronics.
In this Radio Pretoria interview Wikus Olivier, debt counsellor at DebtSafe, talks about how to encourage good spending habits with your teens. Teaching them to spend within their means will set a firm foundation that will continue into their adulthood.
Wikus explains ways how to encourage good spending habits with your teens. This can be done by; opening a savings account, setting saving goals, as well as teaching them the principles of a salary, savings and debt.
Listen to the Radio Pretoria interview below.