The teenage years are the ones that are very crucial for any person. It is in these days that adolescence hits in and your little child is finally growing to step out in the world as they graduate from high school. But apart from calculus, science and other academic stuff, does your child have every other skill needed to tackle the outside world? There are certain other life skills much essential that will help your teen tackle the difficulties. So, it is important to teach your teens these basic skills that will help them grow and be completely ready for the future obstacles.
The finances and the way bank works is really tricky and yet they are a very much important part of your child’s education procedure. Ensure that your child has a bank account and knows how to handle it. If he doesn’t have a bank account, then take him to the bank and help open one. Also, there is online net banking which is very efficient but even that has some technicalities associated with. So, if your child has an account, he will be clear of how the online banking system works.
Put them on a reasonable and practical allowance. For instance, ask them how much they will need to buy clothes for a quarter. Encourage them to practice these habits successfully by ensuring that they make a list of everything they want to buy and even write down the budget and where to buy it from. Make the changes that you feel are really necessary and give them money for a specified amount of time. This way, they will know how to spend their money wisely and will always control their urge to spend callously when they go out for college.
A monthly budget is better than a semester wise budget and give your child only that. This way they will learn how to control their expenses and be responsible for their spending and learn to live within their means.
If they learn to manage monthly balance, then they will know how to handle the household budget too. This is a very crucial life skill to learn till the time they graduate from high school. To help inculcate this habit in a better way, you need to ensure to give them some real life experience. This can be done by giving them a budget to plan out the next family holiday so they would know how important it is to plan before your splurge on things.
Apart from the finances, the other thing that your teenage child will have to deal with is the emergencies. In case of any accident, they should know about their insurances and where to go. If there is any health problem, they should know about the medical insurance and also how to approach the hospital for the same. They should also be aware of the documentation needed to provide in order to claim their insurance. If stuck in a car accident, they should be able to utilize that insurance too. It helps, if you take your child to the bank when applying for their insurance and explain each and every process that comes along. Your bank agent will be able to explain to your child in a better way. They will be more hooked when they are listening from a professional.
The next thing you need to ensure is that your child learns analogue skills. Yes, in a world of digitalization, they need to keep in touch with their analogue skills. For example, make them practise writing full sentences and in complete words because with the social media and the constant texting, people have abbreviating almost everything. Also, they should know how to write a check and applications for formal things. In this virtual world, you need to ensure that your child is not missing on social skills. While smartphones are their lifelines but communicating with people is something that matters a lot and they should do it properly.