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Basic Money Management

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Publication Number: P1618
Publication Number: P1738
Publication Number: P1737
Publication Number: P2529


September 21, 1998 - Filed Under: Basic Money Management

By Jamie Vickers

MISSISSIPPI STATE --Teen-agers who venture into the world of part-time jobs realize that managing money is not always easy, and they may need help from parents.

"Parents should help their teen determine obligations and a spending plan," said Dr. Beverly Howell, family economics and management specialist with Mississippi State University's Extension Service. "Parents should also help them stick to it."

Budgeting is a good place to start when teens are learning to manage their money. Three essential steps in designing a budget are:

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