I'm surprised at just how little teens know about basic banking these days. I recently opened a checking account for my 18-year-old at our credit union. It was a real eye-opener. Here's what I'll go over with my teenager about basic banking.
Too many people underestimate the importance of having a savings account. So why doesn't everyone have an emergency savings fund? The answer is simple: They spend more money than they earn and have trouble living below their means.