Teen Money Management

• Where do kids get their money from? Well, most teens get money from their parents either through allowance for doing chores around the house or the parent pays for things directly. Some teens have working jobs and other will receive money through gifts from family members.

• Remember however you get the money it is important that your spending does not exceed your income.

• In order to have more money, you either cut back on spending or increase your income. Carpool with a friend to save on gas money or boost your income by doing extra jobs like walking a neigbor's dog or mowing their lawn.

• One thing to be aware of, if you spend more money than you have and your bank account goes into red, ie: no money left, you will be charged with extra fees. So always keep an eye on your checking account.