Financial Planning for Kids/Teens?
My cousins have kids that are getting to the age of either getting their first jobs, or starting to babysit. As the kids have birthdays that are coming up over the next few months, I was thinking about getting each of them a book that talks about financial planning for teenagers, so that they can get started on the right foot. Can any of you suggest an appropriate book(s)? The kids are all between the ages of 11 & 16. As for sources other than books, Cousin 1 has TV, but no cable and a computer but no internet. Cousin 2 has no TV and no computer due to religious beliefs and not wanting to expose the kids to things that aren't church approved (Cousin 2 and his wife use the computer that is located at my Aunt & Uncles home on occasion). Both of my cousins have had financial problems in the past, and I want to help make sure that their kids don't repeat the patterns that they have seen while growing up. I got this idea after talking with one of the kids awhile back about me saving to purchase something and he asked me why I didn't just use a credit card to get it now, instead of waiting until later. He didn't understand the idea of interest and still having to pay in the long run, and I'd hate to see him and his 3 sisters still having that idea when they move out of their parents home, and get themselves into a load of debt that they have to struggle to get out of.