Money Talk With Slater

Making Money Across the Board

Reasons for Your Teen to Work (Part I)

When your teen works they are gaining valuable experience.

Working teens can be a double-edged sword. Research indicates that some teens could get lower grades and even get into trouble with alcohol and drugs as a result of after-school jobs. But for plenty, the advantages outweigh the risks. Building experience, self-reliance, and vital skills are among some of the top advantages many teens see from part-time work, and they’re among the top reasons for teens to get an after-school job. Read on and see the great reasons teens should work while in school.

Working makes adolescent life more affordable

Parents of teens today know how costly it can be to have a teenager in the house: electronics, clothes, even a car can all add up to big bills. Some families can afford these things for their teens, but not all can or want to pay for them. When teens get a part-time job, they are able to help with the cost of their expenses or completely pay for them.

Earning money provides an opportunity for financial education

Sure, children can learn about personal finance from getting an allowance. But that’s small potatoes. When teens start to earn their own money, the real lesson starts. As they earn money and spend it, parents have the chance to teach their children about responsible money management. Helping with car expenses and their college fund, making a budget, and learning just how much things such as gas and food cost are all lessons that are achievable with a teen’s paycheck.

Teens get valuable work experience

These days, the job market tends to favor those with experience over education. Although a college degree is still quite valuable, it’s even more valuable when linked with work experience. Students who are able to work while in high school and college can demonstrate this experience and build valuable entries on their resume. This also shows that they are able to productively balance work and education at the same time.

 

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