Life Stages - Teens

As your children become teens they become more independent, but they still need plenty of guidance from you:

• Open a Young Adult Account with Parsons Federal Credit Union to start your teen learning how to manage a checking account
• Work with your teen to help him or her establish a savings goal
• If your teen has a part-time hob, talk with him or her about savings, taxes and contributing to non-essential expenses.
• Help your teen develop a budget and teach him or her how to be a savvy consumer
• This is the time to start educating your teen about the importance of using credit wisely

For additional helpful tools and ideas on keeping you teen on the path to a successful financial future, click here.