|Real Items Teens are Saving For|
- Help them set a specific goal. Whether it is a short term savings goal (cell phone, iPod) or a long term savings goal (car, college), having a specific goal will keep the teen focused and can reduce impulse purchases.
- Help them figure out how to achieve the goal. Talk to your teen about how he is going to get the money. Is he saving allowance for a long time or is he going to get a job? What kind of job?
- Give them an organized system for keeping track of their progress. Details, ideas and amounts can be easily forgotten or pushed aside after time goes by. MoneyTrail provides this organized, consistent system for teens and parents. Customized accounts can help your teen meet his savings goal.