Is financial planning necessary for teenagers?

4 answers

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ANSWER #1 of 4

I think it shud start b4 then, my children r under 12 and I'm teaching them financial planning now, its good for them to learn financial planning long b4 bein adults. It teaches how to save and when to spend some money, it also teaches responsibility

ANSWER #2 of 4

It wouldn't hurt. The sooner you start planning for your future the better off you will be in the later years. Financial planning is not only for retirement but take into consideration when you buy a house or a business. You an use your investments to get you started. I started my investments at 17 years old. At 22 I had enough for a down payment on a house. It's a smart thing to do.

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ANSWER #3 of 4

I think it is for anyone who earns money or pocket money. It's better to learn how to plan with your money from a younger age, because then you won't mess up as badly when your earn your first salary or have your first business.

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ANSWER #4 of 4

Yess financial planning is nescessary for teenagers because they should know what they have to be ready for and when it comes they should be able to understand and handle financial situations.

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