Summertime is approaching, and this means summer jobs and extra money for many teens. This also provides parents with opportunities to teach some much-needed money skills. How badly are these skills needed? Consider this: In a recent study, 92% of undergraduates used credit cards for education expenses such as tuition and textbooks. Additionally, almost 20% of seniors are carrying credit card balances of more than $7,000. Add that to student loans, and graduates on average owe close to $30,000 in debt. More people are applying for personal bankruptcy at age 25 or younger. The “earn and spend...Read More