Three Tips to Help Parents Talk Dollars & Sense with Their Teens – H&R BLock Dollars &

(These are great tips for adults too.)

1. Tell your teenagers to think before buying.

Advise them to take a few deep breaths and ask: Is this something I really need? How many times will I use this? Is this something I can afford? Determine if they are trying to fill an emotional need with the purchase. If you think this is the case, talk with them about what’s going on in their life. Did someone make fun of them? Did someone break up with them? If so, brainstorm with them to identify other ways they can make themselves feel better – like going for a walk, taking a bike ride, watching a movie or just having a talk with a friend.

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via Three Tips to Help Parents Talk Dollars & Sense with Their Teens – H&R BLock Dollars & Sense.