When it comes to raising kids, most parents either look forward to the teen years . . . or dread them. But no matter which side of the spectrum you’re on, the end goal is still the same: help them become successful contributors to society. But what does that even mean?

It means showing them the ropes when it comes to adulthood, things like getting up on time, taking a regular shower, and learning how to make a budget. Now’s the time to start teaching teens about money—how to earn it, save it and spend it wisely.

Personal Finance for Teens

Think of your teen as an adult in training. It’s your job (as the adult of the house) to teach your teen what they need to know for that moment you send them off to college, trade school or even their own apartment. But you don’t have to be a finance professor to teach your teen how to save money. You can show them by example. Remember: More is caught then taught. You’ll want to show them how to earn money, create a budget, give, save and spend wisely.

Earning Money

If you’re like most parents, you’ve probably been eagerly waiting for the day your kid is old enough to start helping around the house. You may have started out asking them to help you wash the dishes, sweep the floor, or feed the dog. But now that you’ve got a teenager in your house, you’re probably off-loading the big-item chores like mowing the lawn or taking out the trash (woo-hoo!).

Instead of giving them an allowance just for breathing, you might want to think about giving them a commission. Not only will this strip them of any entitlement, but it’ll also help them see the relationship between hard work and money earned. When they do their chores, they’ll earn a commission. And when they don’t, they’ll realize they’ve made what they earned—nothing.

Is your teen old enough for a real-life job? Even better. Working for someone else, earning a paycheck, and seeing Uncle Sam take a chunk of their hard-earned dollars will help teach your teen about money—quickly. And if they’re a self-starter, you might show them how to start their own small business with the Teen Entrepreneur Toolbox.

Setting Up Bank Accounts

Just like losing a tooth or learning to drive, setting up your teenager’s first bank account is a rite of passage. By now, they’ve probably earned some money and have outgrown that piggy bank they got for their first birthday. You know what that means—it’s time for a real bank account. You probably don’t want to connect it to your own in case they overdraft their account or their identity gets stolen. But you will want to be the signer on the account so you can see their spending behavior. Remember: This is a great opportunity to teach them how to reconcile their account, keep track of spending, and learn to save.

Giving

You simply can’t go wrong with giving, because that’s what God’s called us to do, right? Something changes in your spirit when you become a giver. You focus less on yourself and see the needs of others more. One of the best things you can do for your kids is teach them to appreciate and understand the power of giving before they go out on their own. Plus—it’s the most fun you can have with money.

When you show your teens the concept of giving at an early age, they’ll remember how good it felt and (hopefully) continue the pattern as they handle their own finances.

Saving and Spending

Teenagers saving money. You’re probably thinking those three words don’t even belong together. But if you want your teenager to grow up into an independent, responsible human, you’ll have to show them how. It starts with not giving them money for every bout of want-itis they go through. Teaching them how to spend money is also important. Just because they have money doesn’t mean they need to burn a hole through their pocket.

Teach them about having long-term savings goals. At this age, all they can probably talk about is getting a car. If they want one, they can pay for it. Work with them on creating a plan for their money: what they need to buy a car and what they need to save. Early exposure to goal setting helps to give them patience and vision, two things they’ll need in life.

How to Teach Budgeting to Teenagers

Sounds intimidating, right? We get it—but it doesn’t have to be! Incorporating some family budget meetings will help you show your teen how to make a regular budget each month before the next month begins.

Here’s the good news: It doesn’t have to be complicated. Have your teen do a zero-based budget. Show them how to list all of their expenses, setting aside money to give, save and spend—like we mentioned earlier. Once they’ve assigned every dollar a place and their budget equals zero, they’re done!

The key here is repetition. Make this a family rhythm and sit down with your teen to show them how to do a budget for a few months. Once they get the hang of it, your check-ins won’t be as time-consuming. Not only that but we’re guessing you’ll be amazed at how well they do.

Things Teens Waste Money On

Although musical tastes and fashion trends have changed over the years, teens’ spending habits haven’t. Just like we did, they still waste their money on whatever sounds good in the moment—like a 10-pack of tacos or that new Ariana Grande album.

These days, Gen Z teens are spending about $2,600 each year.¹ Yikes. While it’s perfectly fine for young people to have fun with their money, teens are old enough to stop blowing every last dime on “stuff.” So, what are they spending their money on?

Here are 10 typical ways American teens waste money:

1. Fast Food and Fancy Coffee

No surprise here: Most teens are eating . . . constantly. In fact, food is the first thing teen boys spend their money on (and second for the ladies).² They don’t bat an eye at paying $6 for a venti extra hot caramel macchiato, $10 for a spicy chicken sandwich meal or $2 for chips from the vending machine. If your teen is buying Chick-fil-A every day, they’re likely eating through a wad of cash.

2. Trendy Clothes, Shoes and Cosmetics

While it’s normal for young people to take pride in their style, remind them that those super cool outfits will go out of style in exactly five minutes (if they don’t fall apart first).

3. Smartphones and Apps

What would life be like without texting, Instagram and Facebook? Expensive smartphones are a status symbol these days. So are the cool apps that go along with them. News flash: Last year’s model makes calls just as well as this year’s—for much less.

4. School Dances

Getting ready for the big dance can be expensive. After renting a tux or buying a dress, getting a limo, and going out to dinner, school dances—ahem, prom—can really add up. Listen: Glittery shoes and limo rides aren’t worth that mound of debt . . . especially when college tuition is right around the corner.

5. Spring Break Trips

Even if you trust your teen in Mexico, is it a wise use of money? And how much are you, the parent, expected to chip in? Encourage your teen to use their vacation time to work a few extra hours and save up for a more lasting experience—like, say, a semester of college.

6. Cars and Accessories

Your brand-new teenage driver doesn’t need a brand-new car. So, unless you plan on passing down your wood-paneled station wagon, they’ll need to save up and shop around for a reliable make and model in their price range. With the leftover cash, they can upgrade their ride with shiny rims and leopard print seat covers.

7. Video Games and Consoles

It seems like new gaming consoles come out every time you turn around. And teens need the latest versions to compete with all of their friends (the only two who also have the system). Let’s not forget all the awesome games they’re paying for too—at $60 a pop! Have mercy.

8. Concert Tickets

Teens identify with music. It’s only natural that they’ll want to see their favorite bands live. But concert tickets can add up fast. So encourage your metalhead or indie chick to pick a few priority concerts and not blow all their money on mosh pits.

9. Expensive Dates

Whatever happened to just hanging out? Now it’s a $30 trip to the movies, followed by a $35 sit-down dinner for two, then $15 gourmet frozen yogurts. Oh, and there’s the gas money to get around town. Multiply that by a few weekends a month, and your son or daughter just went broke for someone they probably won’t be dating in two years (or two months).

10. One-Click Online Spending

Thanks to Amazon and iTunes, teens hardly know a world without one-click buying. It’s okay to order stuff online—sometimes it’s even cheaper—but the downside is that kids don’t feel the pain of using cash. Don’t let them click their way into an overdraft fee.

The teenage years are great practice for the adult years to come. So encourage your kids to budget responsibly while they still have some space to mess up.

Money Management for Teens

Like we mentioned earlier, more is caught then taught. So, while you’re teaching your teen about money, you’ll also be showing them by how you handle your family’s finances day to day.

One of the best things you could do is help them prepare for their future. Do they want to get their own place? Do they want to go to college? Help them start thinking about these things early on with the 7 Baby Steps.

These steps will help them prepare for emergencies, save for college, and even get a head start on investing. They may not understand it now, but don’t worry. They’ll thank you later—especially when they graduate with a debt-free degree.

Source: DaveRamsey

How do you strike a balance of wanting to do your best while not coming across as a suck-up? Here’s advice from 10 CEOs about how to stand out at work, and in a good way.

1. Take time to understand the office culture.

What’s fun at one job may be considered inappropriate at another. If you move from a comedy writer’s room to an accounting firm, chances are your wardrobe, attitude, and vocabulary are going to need some adjustments. Not every move is that extreme, but even among the same jobs, cultures vary.

“You might have been a rock star in your previous workplace, but the rules of earning respect will be different in your new company,” said Will Ward, CEO of Assistive Listening HQ. “Once you understand how the place works, then you can see how to fit in.”

It may take some time to figure out the culture, but once you do, it’ll make a huge difference in your ability to connect with your co-workers and supervisors. This, in turn, will help improve your job performance and help you stand out.

2. Start strong right away.

You don’t have to know exactly what you’re doing when you first start, but you should show a sense of ownership and responsibility. Demonstrate that you’re there to work by actively taking notes and learning.

“Many people begin new jobs with the idea that for the first few months they’ll be shown the ropes and not much will be expected of them (or given),” said Stefan Chekanov, co-founder and CEO of Brosix Instant Messenger. “By instead embracing new challenges, volunteering to take on assignments, and generally demonstrating a sense of responsibility for your work, you’ll easily stand out from the crowd.”

Make sure you follow up with colleagues after meetings, show a willingness to learn, and help out when needed.

3. Ask questions.

Although it may feel uncomfortable or awkward, asking questions is a great way to make yourself stand out at work.

Madison Campbell, CEO of Leda Health Company, agrees. “By asking questions,” she says, “you are displaying your commitment to learning more about the company and how you can better excel in your position. Asking questions creates conversations that may not have happened otherwise.”

Additionally, it lets those above you know that you genuinely care. You’ll seem interested, engaged, and willing to take in information before you make suggestions. It also demonstrates that, rather than pretending to know everything, you have the confidence to ask for help where you need it.

4. Offer advice on improving processes.

Sometimes a company is so accustomed to their old processes and ways of doing things, it takes a new employee to point out how it can be done more efficiently. If you notice an area for improvement, suggest it to your boss.

“One of the true signs of a leader is somebody who goes out of their way to identify which processes are due to be optimized,” said Jacob Dayan, CEO and co-founder of Community Tax.

He says that those who can provide useful feedback up the ladder (and not just down it) demonstrate a fundamental understanding of the importance of feedback. In addition, it shows that they can spot inefficiencies.

“That’s a skill that’s difficult to teach, so it always stands out to those in leadership positions,” says Jacob.

5. Increase your value by increasing your skills.

If you learn something new and get faster and better at what you do, you increase your value. Take the time to research and seek out training and other opportunities to improve your skills.

“Don’t wait for your organization to send you to training or to give you development opportunities,” said Halelly Azulay, founder & CEO of TalentGrow and author of “Employee Development on a Shoestring.” “It’s really great if they do,” she says, “but it is not their job only to take responsibility for the product of you. It is your job. And by upping your value, you become more indispensable.”

Increasing your skills and value also provides support when you ask for that raise. It shows you’re worth it.

6. Help others.

If you only offer help to those higher in the organizational chart, your co-workers might gossip about you behind your back. But if you’re known for helping everyone, it will earn you respect.

“That way, you naturally become the go-to person anytime there is an issue that needs solving,” says Reuben Yonatan, founder and CEO of GetVoIP.

For example, if you master a skill like Excel formulas and you see a co-worker struggling, offer to help them. They won’t forget how you gave some of your time to make their life easier, and it won’t seem weird if you do it for the boss as well.

7. Don’t be afraid to argue productively.

Arguments and disagreements at work are bound to happen. But how you handle them is what’ll get you noticed. Participating productively and helpfully in these conversations can position you as an up-and-coming leader in the company.

“Early in my career, I shied away from disagreements at work because I saw it as confrontational,” said Michael Alexis, CEO of TeamBuilding. “Over time, I realized that disagreement can actually fuel career progression.”

This is because strong managers and leaders are used to giving direction and having it followed, but great leaders know their perspective is limited. When you respectfully challenge a status quo, you add value to the leadership team. You can help a leader reflect on questions they might not have thought about, or show problem areas in their plan before they have to experience issues.

8. Be a connector.

How well you get along with your co-workers is something else leaders tend to notice. You don’t have to be the most social, but if you miss every birthday celebration or company outing, you could be missing out on valuable face time.

Andrew Roderick, CEO of Credit Repair Companies, says, “Getting everyone involved is a great way to be noticed and stand out straight off the bat at a new job.”

He suggests organizing events or meetings to meet your co-workers. You’ll be seen as someone outgoing and be associated with fun. If you’re introverted, try to do a one-on-one coffee once a week instead of a group event.

Both create opportunities to bond with those who might help you advance in your company. At the very least, you’ll be seen as someone who gets along with co-workers and makes an effort to get to know everyone.

9. Don’t wait to be told what to do.

If you have a light week, tell your boss you’re ready for more responsibility. If you’re bored with your work, tell your boss you want to learn more by experiencing different tasks.

“I love hearing that from someone and they will always be the one that comes to mind when I need to hire someone at a higher level,” said Chanda Torrey, CEO of Gifter World. “It shows drive, ambition, and the willingness to do what needs to be done.”

If you’re worried about your co-workers perceiving you as a kiss-up because you’re asking for more work, don’t be. You know what your goals are at work, and if this will help you accomplish them, what others think of you shouldn’t matter.

10. Be a servant leader.

You don’t have to be a manager or an executive to practice servant leadership. Even as a new employee, you can work to help others.

“Our servant leaders in the firm do not follow the traditional leadership styles that are built upon a culture of intimidation and threat,” said Michael Hammelburger, CEO of The Bottom Line Group. “Instead, they serve others, who in turn are more inspired to serve the entire organization at large.”

The people who stand out at work as servant leaders also focus on not only setting themselves up for success but everyone around them as well. Servant leaders make sure everyone else’s needs are met before their own, encourage collaboration instead of competition, and keep the attitude positive on the team.

Finally, you don’t need to do anything extraordinary to flourish at work. You simply need to do your job well, ask questions when needed, communicate with your co-workers and supervisors, and support the people around you.

Good luck!!!

Source: MoneyTalksNews