Financial Literacy for Teens and Young Adults: Start Strong, Grow Confident

Budgeting That Actually Sticks

Start with 50% needs, 30% wants, 20% savings or debt payments. If you do not cover all needs, adjust temporarily, but keep savings visible. The structure helps you say yes to fun without sabotaging future plans.

Saving Smart: From First Dollars to Emergency Funds

Emergencies are not rare; they are inevitable. Aim for a starter cushion—perhaps $300 to $1,000—so flat tires or phone repairs do not become debt. Peace of mind is a financial return you feel immediately.

Saving Smart: From First Dollars to Emergency Funds

Consider high-yield savings accounts with low fees and easy transfers. Keep your emergency fund separate from daily spending to reduce temptation. Check that your account is insured and make sure interest compounds monthly or daily for best results.

Banking and Credit: Foundations You Can Trust

Use checking for spending and bills; use savings for goals and safety. Watch for overdraft fees, ATM fees, and minimum balance requirements. Set alerts for low balances so you never get surprised by small charges that snowball.

Banking and Credit: Foundations You Can Trust

Most scores range roughly from 300 to 850. Pay on time, keep credit utilization low, and avoid unnecessary hard inquiries. A strong score can reduce insurance premiums, rental deposits, and future loan costs. It is quiet power.

Banking and Credit: Foundations You Can Trust

Consider a secured card or being added as an authorized user with clear rules. Pay in full monthly to avoid interest. Never chase rewards before building discipline—points vanish fast if interest piles up behind the scenes.