Teenagers are on the cusp of becoming young men and women.  The prophet Alma, in speaking to his sons, gave some wonderful counsel.  He said:  “O, remember my son, and learn wisdom in thy youth.  Yea, learn in thy youth to keep the commandments of God.” (Alma 37:35)  How do you learn to keep the commandments of God when it comes to finances?  From a gospel perspective, I encourage you to teach teenagers:

• Teach them that they are accountable for their actions
• Teach them to learn to serve and to give
• Teach them not to covet, and
• Teach them to recognize the Lord’s hand in their lives.

At the same time, you should also teach them:

• Teach them the difference between income and wealth
• Teach them about good assets and good liabilities, and bad assets and bad liabilities
• Teach them to spend less than they earn, and
• Teach them to develop and live on a budget.