How to teach teenagers about managing money (when you’re not doing so great yourself)

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Teach Teenagers About Money

It’s tough to teach teenagers about managing money, especially if you’re not doing so great yourself!

But we all know that money management is an important skill that your teenagers will use every day of their adult life. They may never use Algebra II again, but money skills are vital.

I have an episode of the Dollars and Sense podcast to help you teach teenagers about managing money. Click here to listen

Our motivation to be teaching teenagers about money

  • Other people’s bad examples are all around us, including the US government.
  • We want them to avoid excessive debt. Did you know that college debt now exceeds credit card debt? Unbelievable!
  • Someone is watching you! So teach them how to avoid the mistakes you made.
  • We want to avoid boomerang kids, who are adults that return to live in their parents’ home, usually for financial reasons. Imaging the movie “Failure to Launch -Homeschool Style!” Always remember, we are raising adults, not children.

How to Teach Money Skills to a Teenager

  • Go with a natural style. Talk about money, what things cost, what people earn, decisions and trade-offs  a you go about your day. Stores are a great place to talk about money and choices.
  • Use real life examples. Share your own money stories (good or bad)  or those of people you read about in the news.
  • Get someone else to teach your teenagers. For example: Sunday school class, Scouts, or a homeschool co-op class. See the Resources below for curriculum that works well in a group setting.
  • Make personal finance a required class for graduation from your homeschool high school. The Resources below has several options for curriculum.

What to Teach Teenagers About Money

  • What things cost and what jobs earn.
  • Career exploration and post high school education.
  • Checking accounts and financial software such as Quicken or Ace Money Lite (it’s what I use and it’s free)
  • Budgets. One teenager I know is given $150/month as an allowance, but she has to buy everything: clothes, food, entertainment and gas.
  • Avoid credit card debt, but start building credit history in college.
  • Student loan debt. With her dad out of work, one college student chose a state school when shown the debt she would have from staying at a private college.
  • Taxes and federal spending. My husband says it’s his goal to raise taxpayers! We should all want that.
  • Entrepreneurship. My Micro Business for Teens books help a teenager earn money while learning a lot about business. Starting a Micro Business, a public television show features six students who started their own micro businesses. Ethan pays his own cell phone bill by teaching guitar and Linnea paid her way to China by tutoring.
  • Investing. Try a stock market simulation game.

Resources mentioned in the podcast

Schoolhouse Teachers  offers my Career Exploration 8 week class

Free! National Endowment Financial Education (NEFE) High School Financial Planning Curriculum http://www.hsfpp.org/

Generation Change for youth groups and Foundations in Personal Finance for schools at http://DaveRamsey.com

Discovering God’s Way of Handling Money from Crown.org 10 weeks, individual or class use

Money Matters for Teens Ages 15-18 Edition by Larry Burkett (oldie but still available on Amazon.com)

Micro Business For Teens books at http://MicroBusinessForTeens.com

Starting a Micro Business television show on YouTube

Our federal budget graphically displayed at http://WallStats.com

Tax return simulations from the IRS at Understanding Taxes www.irs.gov/app/UnderstandingTaxes

 

I hope you’re on your way to raising money-smart teenagers!

Carol Topp, CPA

Formerly Dollars and Sense now Homeschool CPA on Ultimate Homeschool Radio Network

How to teach homeschool teenagers about money

 

Finances and Hope Shifting – HIRL Episode 99

HIRL-Episode-99In this final installment of our three-part series on financial fear, we’re returning to our roots and discussing how hope shifting can factor into our fear when it comes to finances.

More regularly described as idolatry, “hope shifting” simply means that we’re putting our hope in something other than God for our well-being and care, a habit that comes easily to many of us living and working in first-world countries. How does the idea that we can and should provide for ourselves and our families too often morph into a belief that our hard work and stockpiling will be what ultimately brings us security?

We’re talking all about hope shifting, finances, and the freedom that relying on the true provider can bring to our marriages and families.


EPISODE TIMELINE
:51 Fluff Time (Kill the Fluff?)
6:28 Finances and Hopeshifting/Bill Kenoyer
29:20 Wrapping up the show, What’s Coming up next?


SHOW NOTES:

Recommended Resources:
Betty the Surf Dog – Twitter, Facebook, Instagram, Website
Fletch Twitter
Kendra Twitter

Previous Episodes Mentioned:
None

Music clips used on this episode:
None


SUBSCRIBE AND LEAVE AN iTUNES REVIEW:

Allow the magic of the internet to deliver Homeschooling In Real Life to your tablet or smart phone. Let us show you how easy it is:

  1. Follow this link to our iTunes page.
  2. IMPORTANT STEP: Under our big red HomeschoolingIRL logo, just click on View in iTunes
  3. The iTunes program will automatically launch and take you to our podcast page.
  4. FIRST – Click SUBSCRIBE. Voila! All or our podcasts will come directly to your computer and smart phone.
  5. NEXT – Click RATINGS AND REVIEW. Remember the best reviews are 5-stars (hint hint!).
  6. Thanks for being one of our listeners! HIRLers rock!

WHAT IS THE BEST WAY TO LISTEN TO HomeschoolingIRL?

  1. You can listen right on this page. There is an audio player below.
  2. You can listen on your iPod, Smartphone or tablet. Open the PODCAST app on your device, search podcasts for “HomeschoolingIRL” and click subscribe. Easy peasy lemon squeezy.
  3. Subscribe to the HomeschoolingIRL website and you will be notified when every new episode is released. Follow this link and begin your FREE SUBSCRIPTION.

BECOME A PATRON AND SUPPORT HomeschoolingIRL

Hey HIRLers! Do you enjoy what we have created on the podcast? Have you ever wondered what you could do to help us continue to make great shows? Just like the great artists of the past, in order to provide great shows, we need patrons to financially support our creative efforts.

Please consider becoming a patron and supporting Homeschooling In Real Life? 

Follow this link and head over to Patreon.com and show your support of our show!
Thank you!

HIRLPatreonSupport


ADVERTISERS/SPONSORS:

Please visit our coffee sponsor: Caroline’s Coffee for 10% off any order.


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Check out these cool HomeschoolingIRL Coffee Tumblers from HIRLer Cyndi Newman

HomeschoolingIRL_mugs


LISTEN HERE

Are you ready to listen to Fletch and Kendra get real about homeschooling? Press the PLAY button below.


Join Fletch (from theMangoTimes) and Kendra (from Preschoolers and Peace and KendraFletcher.com) for the HomeschoolingIRL podcast every week as they interview guests and talk through some of the goofiness they have experienced in nearly two decades.

HIRL 99 – Money and Hopeshifting

Part 3 in the Financial Fear Series – Fletch and Kendra talk about their favorite topic: Hopeshifting.

The Homeschool Budget – HIRL Episode 97

Free homeschool podcast about budgeting finances for homeschooling.The Homeschool Budget is part one of a series of three podcast episodes dealing with the topic of financial fear.

With a family of 8 kids, Fletch and Kendra know that homeschooling can get expensive. On this episode, they share tips and tricks they have used over the years to save money and homeschool well within a budget.

Along the way, they talk about homeschooling within and out of the charter school system.


EPISODE TIMELINE
:51 Fluff Time (Hollywood, Head Shots, Whip and Nae Nae)
9:34 Part 1 – Old homeschooler advice for new homeschoolers
20:00 Part 2 – Suggestions to homeschool in budget
35:30 Part 3 – Charter schools
45:50
 Wrapping up the show, What’s Coming up next?


SHOW NOTES:

Recommended Resources:

The Wired Homeschool – Homeschooling with Netflix
M.I.T. iTunes University
KHAN Academy
HOOPLA – Free audio/video through the local library
Homeschool Creations
Betty The Surf Dog Twitter Feed – Home of Betty the Surf Dog
Fletch Twitter
Kendra Twitter

Previous Episodes Mentioned:

Music clips used on this episode:
Watch Me – Buy it on iTunes Here


SUBSCRIBE AND LEAVE AN iTUNES REVIEW:

Allow the magic of the internet to deliver Homeschooling In Real Life to your tablet or smart phone. Let us show you how easy it is:

  1. Follow this link to our iTunes page.
  2. IMPORTANT STEP: Under our big red HomeschoolingIRL logo, just click on View in iTunes
  3. The iTunes program will automatically launch and take you to our podcast page.
  4. FIRST – Click SUBSCRIBE. Voila! All or our podcasts will come directly to your computer and smart phone.
  5. NEXT – Click RATINGS AND REVIEW. Remember the best reviews are 5-stars (hint hint!).
  6. Thanks for being one of our listeners! HIRLers rock!

WHAT IS THE BEST WAY TO LISTEN TO HomeschoolingIRL?

  1. You can listen right on this page. There is an audio player below.
  2. You can listen on your iPod, Smartphone or tablet. Open the PODCAST app on your device, search podcasts for “HomeschoolingIRL” and click subscribe. Easy peasy lemon squeezy.
  3. Subscribe to the HomeschoolingIRL website and you will be notified when every new episode is released. Follow this link and begin your FREE SUBSCRIPTION.

BECOME A PATRON AND SUPPORT HomeschoolingIRL

Hey HIRLers! Do you enjoy what we have created on the podcast? Have you ever wondered what you could do to help us continue to make great shows? Just like the great artists of the past, in order to provide great shows, we need patrons to financially support our creative efforts.

Please consider becoming a patron and supporting Homeschooling In Real Life? 

Follow this link and head over to Patreon.com and show your support of our show!
Thank you!

HIRLPatreonSupport


ADVERTISERS/SPONSORS:

Please visit our coffee sponsor: Caroline’s Coffee for 10% off any order.


C_Logo_2012


Check out these cool HomeschoolingIRL Coffee Tumblers from HIRLer Cyndi Newman

HomeschoolingIRL_mugs


LISTEN HERE

Are you ready to listen to Fletch and Kendra get real about homeschooling? Press the PLAY button below.


Join Fletch (from theMangoTimes) and Kendra (from Preschoolers and Peace and KendraFletcher.com) for the HomeschoolingIRL podcast every week as they interview guests and talk through some of the goofiness they have experienced in nearly two decades

Can We Afford To Homeschool? – HIRL Episode 62

Free podcast about the finances and budgeting for Christian homeschoolingCan you afford to homeschoool? What if your budget is already at its max, and you feel you’re barely scraping by just to provide the basics for your family?

Join Fletch and Kendra as we sit down with our Ultimate Homeschool Radio Network colleague and CPA Carol Topp for a lively and quick discussion of how to make homeschooling work on a small or non-existent budget, the realities and expenses of homeschooling older kids, and the need to examine our hearts when it comes to finances and what God is calling us to do.

 

SHOW NOTES

Give a listen and let us know what works well as you budget for your homeschool year.

Timeline
2:14– Introduction
10:08 – I Can’t Afford To Homeschool
19:11 -Interview with Carol Topp, CPA

Show Notes

HomeschoolCPA

Dollars and Sense podcast, with Carol Topp

Microbusiness for Teens

Dave Ramsey, Financial Peace University

 

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Please visit our sponsor: HEDUA, creators of The Well Planned Day Planner

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Please visit our coffee sponsor: Caroline’s Coffee for 10% off any order.


Join Fletch (from theMangoTimes) and Kendra (from Preschoolers and Peace and KendraFletcher.com) for the HomeschoolingIRL podcast every week as they interview guests and talk through some of the goofiness they have experienced in nearly two decades of Homeschooling In Real Life.

HomeschoolingIRL Episode 062 – Can We Afford To Homeschool?

Fletch and Kendra talk about the cost of homeschooling and how it can overwhelm some family budgets.

How to Teach Teenagers and Recent Grads About Money. Episode 46

DSS#46graphic

In episode 46 of the Dollars and Sense Show, host Carol Topp continues her presentation on how to teach kids about managing money. She explains the important lessons to teach high school students and young adults.

This is part 2 of a two-part presentation. Listen to Part 1 .

This Handout lists helpful resources for teaching teenagers about managing money.

You might be interested in Carol’s 4-part podcast series in teaching kids about money:

Episode 7: Teach Preschoolers About Money

Episode 8: Teach Kids About Money

Episode 9: Teach Pre-Teens About Money

Episode 10: Teach Teenagers About Money

 

Career Cover-100px

Carol’s newest book Career Exploration for Homeschool High School Students is available in print and ebook format. Learn more.

How to Teach Kids About Managing Money (Part 1) Episode 45

DSS#45graphic

In episode 45 of the Dollars and Sense Show, host Carol Topp discusses how to teach kids about managing money when you’re not doing so great yourself. Carol explains the important lessons to teach young and elementary age children.

This Handout lists helpful resources for teaching kids about managing money.

If you enjoyed this podcast, you might be interested in Carol’s 4-part podcast series in teaching kids about money:

Episode 7: Teach Preschoolers About Money

Episode 8: Teach Kids About Money

Episode 9: Teach Pre-Teens About Money

Episode 10: Teach Teenagers About Money

 

Career Cover-100px

Carol’s newest book Career Exploration for Homeschool High School Students is available in print and ebook format. Learn more.

Business Tips for Writers Part 2. Dollars and Sense Show # 35

DSS#35

Writers, authors, bloggers…whatever you write, you’re in business!

Author and CPA, Carol Topp, shares business tips in this podcast recorded at the International Business of Writing Summit in Louisville Kentucky.

In the podcast Carol discusses

  • record keeping in a business
  • helpful software
  • tax tips

Here’s a handout of the slides

BizTipsCover300pix

Carol’s book, Business Tips and Taxes for Writers in a helpful reference. Available here.

Listen to Part 1 of this podcast.

Business Tips for Writers Part 1. Dollars and Sense Show # 34

If you’re a writer, author or blogger you are a business owner!
This podcast by Carol Topp, CPA will help you understand the business side of writing.

This podcast was recorded at the International Business of Writing Summit in Louisville, Kentucky in 2014.

Topics covered in this podcast include:

  • Business structures, especially LLC status for your business
  • Hobby  writing
  • Start up expenses and how to deduct them
  • Using a Doing Business As (DBA) fictitious name

Here’s a handout of the slides.

Podcast host Carol Topp mentions her book, Business Tips and Taxes for Writers. Get a copy here.

BizTipsCover300pix

In the next episode of the Dollars and Sense podcast, Carol will finish this workshop on business tips for writers and share tips on record keeping, taxes, and software.

 

 

 

 

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