Money and Teens: Savvy Money Skills

by Wes Karchut, Darby Karchut

2013 EIFLE Book of the Year (Excellence in Financial Literacy Education)

Parents: Hand this book to your teen before handing them a credit card.

Teens: Learn real-life, money skills. Practical, no-nonsense ways that help you waste less and have more money. Read this book before you hand over your credit card, take out a student loan, sign a cell phone contract, apply for a car loan, start a job or buy one more thing online.

"Ensuring financial literacy for all young adults is one of our most pressing challenges…MONEY AND TEENS is a great and timely resource to help get us there." - Dr. Walt Cooper, Superintendent, Cheyenne Mountain School District, Colorado Springs, CO

Master the skills you need to get the things you want - computers, cars, a college education, even a home.

198 pages, Paperback

First published September 17, 2012

Reviews

[Jason · Rating 5 out of 5]

I received this book for free via Goodreads' Giveaways. The book title says teens, but a lot of the material covered in it are things some adults don't know about. If you're looking for an easy, understandable book to teach yourself or a family member how to make life a little easier financially, this is it.

[Beverly McClure · Rating 5 out of 5]

Now, I haven’t been a teen for many years, but I still need to manage my money wisely, no matter my age. And let me tell you, it isn’t always easy. Have you ever bought something you couldn’t afford and charged it perhaps? After all, you could pay it out a little at a time. Yeah, sounds simple, right. I’ve done it, among other careless things with my money.

Authors Wes Karchut and Darby Karchut have written a book, MONEY AND TEENS SAVVY MONEY SKILLS, that deals with just about everything you need to know about money. And it can help you make a lot of decisions about every dollar you earn. I wish I’d had this book years ago when I thought credit cards were magic and the answer to buying everything I wanted, when I wanted it. Oops! Was I mistaken.

A table of contents shows you what each chapter contains so you can easily find the topic you’re most interested in, though you will want to read the entire book because it’s filled with not only information but good advice too. Going back to the credit card for a second, Chapter 4 discusses debt. The credit card is good, if you pay what you charge during the “grace period” or in full each month. If you don’t, you may never pay off the amount you charged. How’s that? you ask. MONEY AND TEENS SAVVY MONEY SKILLS tells you. The chapter Consumer Savvy goes into knowing the difference between your wants and your needs. You’ll also read about debt, banking accounts, savings accounts, certificates of deposit and so much more. You’ll learn about taxes. Yep, you can’t get away from taxes.

Are you planning to attend college and maybe need a loan? Check out Chapter 13, Student Loan Savvy. You didn’t know having money was so complicated did you? Whether you‘re having trouble money wise or not, this book will help you figure the best way to get the most for your money. MONEY AND TEENS SAVVY MONEY SKILLS would make a great addition to school libraries and public libraries, also colleges and individuals, to help make smart decisions when considering the best way to deal with every dollar you’ve worked so hard to earn. Like the front cover of the book says: “Waste Less, Have More.” Very good advice. Enjoy.

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[Melissa T · Rating 5 out of 5]

This was very straightforward and informative. Full review to come. *I received a copy of this book in exchange for an honest review*

[Jennifer · Rating 4 out of 5]

Excellent information--and not just for teens! I didn't give it 5 stars because it contained more than a few typos/grammar issues.