Financial Literacy Information for Teens, 1st Ed.

Today’s teens are spending their own money, and they are spending a lot of it. But the challenges that come with managing and spending that money have never been more daunting. Faced with greater personal responsibility for managing their own money, and changing technology that has created both opportunity and risk, today’s teens face economic challenges unlike any previous generation. Unfortunately, many teens are lacking the basic financial literacy needed to meet those challenges. As a result, the majority of today’s teens remain unaware of basic financial principles, such as earning, budgeting, saving, establishing credit and managing debt. In addition, many teens are unaware of the risks that come with the technology that while making their lives easier, also makes their personal and financial information more vulnerable than ever before.

Financial Literacy Information for Teens, First Edition outlines the principles of earning, spending, and managing money. It provides information about financial goals and budgeting. It highlights the importance of saving and investing money and also talks about the risks involved in investing. The basics of banking are discussed along with the details about savings and checking accounts. The benefits and risks of electronic banking, online fund transfer, mobile wallets are also discussed. It discusses the importance of credit history and explains how to choose and manage a credit card. It  talks about the various loan options available for people under 18 years of age and also the problems associated with debt. It provides information about the latest trends in financial technology and lists several tools and apps available for various financial  processes. The book concludes with a directory of resources for additional information.