Kiplinger

For Financially Responsible Kids, Do NOT Do These 3 Things

“I can’t afford it.” Whenever I hear a young person utter those words, it’s music to my ears.

No, I’m not a middle-aged ogre delighting in the social setbacks of the young. I’m a fan of the young people out there who are learning to turn down things they cannot afford, like the friend who says no to a night out for dinner and drinks with their buddies. These young people are making several important financial decisions: prioritizing their spending, making a sacrifice and standing up to peer pressure. These are all important skills they’ll need on the road to financial responsibility.

Many young people never learn these important skills because their parents have never taught them. Somewhere along the

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