Saving for a down payment is a tall order—especially when rent keeps climbing. For many renters, it feels like just keeping up with monthly bills leaves little room to put money aside. Add in inflation, rising costs of living and existing debt and it’s no wonder so many renters feel stuck between paying rent and building toward homeownership.
Budgeting isn’t just about keeping track of money—it’s about building financial independence and smart decision-making. Unfortunately, many teens head off to college without ever having managed a budget, leading to overspending, debt and long-term financial stress. Teaching your teen how to plan, track and adjust their budget before they leave home can help them develop lifelong financial competency and confidence.
As your teen prepares to leave home for college, they’ll face newfound independence, including managing their own finances. Unfortunately, many young adults head to campus with little to no financial literacy, leading to unnecessary debt, overspending and mounting financial stress. Teaching your teen basic money management skills before they leave home sets them up for financial success, both during college and beyond.
Financial literacy is a fundamental life skill, yet many adults find themselves struggling with money management simply because they were never taught the basics early on. Introducing financial education to children at a young age can set them up for a lifetime of smart financial decision-making.
Teaching kids about money isn’t just about showing them how to count coins or save their allowance—it’s about helping them understand the value of money, the importance of making thoughtful spending choices and the benefits of long-term saving. Studies have shown that children begin forming behaviors that will govern their financial habits in their earliest years, making early education a key factor in future financial well-being.
