FINANCE AND YOUTH…WE SHOULD FOCUS MORE ON EDUCATION
From Discover’s Credit Resource Center, A Guide to Personal Finance for Teens …” research shows most teenagers in the U.S. –and even across the world – understand very little about the wide world of finances that awaits them as future college students and young adults.”
Marley Dozier is The Introducer’s Youth Editor who provides teen viewpoints on topics relating to magazine themes. For
this article, Marley was asked to survey what teens know about digital finance.
- Apple Pay, Venmo, when you pay online
- Buying stuff online with a debit or credit card or a cash app like PayPal
- I think digital finance is the ability to pay bills and such without having to step foot in a bank, as you can do almost anything on a phone or computer
- Credit cards
- Gift cards
- A credit card that has a shared limit with my sister and parents but we each have our own individual card
- Debit card (more than one response for this)
- More for online shopping
- Getting my own credit score once I establish a high enough credit. Because my name is on the cc I’m using, I’m building my credit currently. Once I establish myself more financially, I plan on opening a checking account where the money for the credit card bill will come out of.
- In the future, to pay my bills, as I already do with my car payment.
- Don’t know
Financial Literacy & Other Money Resources for Teens:
- EVERFI provides a free online high school financial literacy program. Check here
- FDIC offers some great tools via its “Money Smart for Young People” programs. Check here
- Discover has put together a “Personal Finance for Teens Resource Center.” Covers a lot about building credit. Check here
- Amazon has a “connected accounts” program that allows teens to make purchases with parental approval. Teens and parents have separate logins. Check here
- Step Mobile is an app on Google Play that offers a mobile banking program for teens. Check here