Good money management skills are important as an adult, especially in this tumultuous economy that we live in. Unfortunately, many people were never exposed to proper techniques to manage their money. I am one of them. Yes, my parents worked and had a bank account, but there's so much more than that. There's also investments, earning, spending, and saving. My parents may have done a few of these that I wasn't aware of, but I grew up in a middle class family in a rural (red-neck, lol) area. To some people in that area, a savings account means finding a nice shoebox, filling it, and putting it somewhere for "safe keeping".

Because I didn't learn adequate money management skills, I have made MANY mistakes. This is not what I want for my children. I want them to learn the right skills and be good stewards of what The Lord blesses them with, and not feel left in the dark when it comes to future planning. I want them to be comfortable with what they have and use it effectively in their lives to accomplish what The Lord leads them to be.

I have been introduced to a company that offers a form of financial training to teens that will give them proper skills to manage their money and accomplish "financial fitness". These skills will go with them into their adult life. 

That company is WealthQuest for Teens. It was started in 2008 by Jill Suskind with the mission to prepare teens "to meet the financial realities of adulthood with confidence and competence" (WealthQuest). Jill's story started out similar to so many adults today. According to WealthQuest's "About" section, after making "all kinds of mistakes", she learned the right principles to get to financial fitness, and, as a teacher, realized the importance of teaching students those same skills.
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So What Is It
WealthQuest for Teens is an online resource where teens & parents will find "innovative, engaging, practical tools for teaching .... effective money management." (WealthQuest)

The complete package includes an online video resource, the Basic Seminar Quickstart Guide for teens, and a free Parent's Guide.

It is a 6-week course that will "empower" your teen "with habits and attitudes about money that lead to wealth" But, Jill Suskind explains that the definitions of wealth and being rich, are not necessarily just regarding how much money you have invested or in your wallet. She states that wealth and being rich in WealthQuest for Teens terms, means “the amount of money you need to have the life you want and to make a difference in ways that matter to you”.

I think that is a great definition because, as a Christian, I believe that being rich doesn't always include having a lot of money. It means being blessed richly by The Lord and being a good steward of what He gives us.

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So How Does It Work?
Students will receive a link to the 7 modules and associated videos. The modules are: 

1) Welcome, Intentions, & Overview
2) Your Habits & Attitude Determine Your Networth
3) The First Thing You Need in Order to Become Rich:  Income
4) The Second Thing You Need in Order to Become Rich:  Knowledge About Money
5) The Third Thing You Need in Order to Become Rich:  A Great Money Management System 
6) The Fourth Thing You Need in Order to Become Rich:  A Really Good Reason
7) A Look at Financial Freedom

Along with the workbook, students watch the videos and complete the responses and by the end of the 6 weeks, will be more prepared for a financially fit life.

With WealthQuest, your teen will learn money management skills that can help them succeed in reaching their financial fitness goals in life.

The price of WealthQuest for Teens is $39.95. This includes: 

  • Online Video/Workbook Basic Seminar
  • eBook for Teens: Basic Seminar QuickStart Guide
  • eBook for Parents: Your Teen's Financial Literacy in Today's Economy
  • Link to MoneyTrail.net

What We Thought? I like the concept behind WealthQuest for Teens. I believe it is vitally important to learn how to manage finances well to be good stewards of money. I also believe that attitude really does play a huge role in financial fitness. Without the right attitude, alot of money could mean nothing. 

That said, I do not believe that The Lord desires for us to be "rich" with money only. And  He does not want us to focus only on how much we have. The videos do not necessarily state this. At first, I really wasn't sure I would have my daughter complete the lessons because the program seemed vain. But then, rereading Jill's note to the Crew and understanding her philosophy more, I realized that it wasn't just vanity. 

My daughter wasn't sure, at first either. But then, after many discussions, realized the same.

I believe that Wealthquest for Teens can be a very useful resource for your teens. It is so important to learn how to manage finances and, from WealthQuest for Teens, they will learn so much more.
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Disclaimer: I received this product free as a member of the Schoolhouse Review Crew with the sole purpose of providing an honest review after using it. For more information on this, please see my disclaimer.
 


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