Skip to Content
Teaching my middle schooler to manage money
Open toolbar

Take the bonus quiz

Test your knowledge. Earn more points. Get started

Which is something to consider when establishing money rules for your teenager?


All of the choices are important elements of establishing money rules for your teenager.

Next question
Savings goals like the smartphones aren't important to discuss with your middle-schooler.


Electronics or other expenses you may not consider necessities are great ways to teach middle-schoolers how to think about what they really want to save for.

Next question

You got 2 of 3 correct

You can retake the quiz to maximize your points, but you won't get additional points for questions you already answered right.

Retake quiz

Key Takeaways

Print version

Whether your children receive an allowance or not, learn how you can teach middle schoolers to save, spend, and manage their money responsibly.

  • Start small, but increase allowance once your children shows they can manage the funds well
  • Develop guidelines for your children’s allowance, and determine whether to reward them for good grades, chores and odd jobs
  • When helping teenagers build a budget, use your own budget as a point of reference. It may seem more complicated, but the basics are the same.
  • Work with your teenagers to identify the differences between their “needs” and “wants” so they can make smart spending decisions
  • When you’re helping your teenager build a savings plan, start with a manageable, short-term goal. The more distant the goal, the harder it is to visualize
  • Help your child save for multiple goals at a time, from laptops to clothes to college expenses
  • Make sure that your child knows how important it is to protect personal information, by never over-sharing on social media, by keeping their Social Security number private, and by maintaining strong passwords on sensitive accounts