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Jayray24 "How do I pick the right credit card?"
"What happens if I don't pay my bills on time?"
"Why do I always run out of money before the end of the month?"
These are only a few of the many financial questions your teenagers probably have. And as they prepare for college or get ready to enter the workforce, that number is bound to increase.
As parents, you may think your teens don't want to discuss these matters with you, but numerous surveys of college students show that the vast majority of them learned about personal finance from their parents; and even more said they wish they'd had more parental guidance.
If you're worried that you might not have all the right answers, don't be. There are resources available that can coach you on how to open and steer a financial dialogue with your teens. The most important thing is to start the conversation now, before they set out on their own and run the risk of making costly mistakes.
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Reprinted with the permission of College Parents of America. © 2007 CollegeParents.org
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