When finding a gift for a teenager who seemingly has everything, consider their interests and hobbies, look for personalized items, think outside the box with unusual or quirky presents, and ask for recommendations from those who know them well.
Teaching your teenager about budgeting and money management is crucial for their financial independence and future success. Start with basic concepts, provide an allowance to practice, set financial goals together, introduce banking and investment principles, use technology, lead by example, encourage part-time work, discuss credit and debt, and plan for the future. This continuous process requires patience, consistency, and practical examples to set your teen on a path to financial stability.