Starting small. Some “suh-weet” money tips for your teens and in-betweens.

Would your teen (or tween) do a good job imitating how you save? Or, eek, how you spend? We have a few tips that could help make any form of financial imitation, within reason, more flattering.

Cut the purse strings. Let them know the ATM known as Mom and Dad will eventually close. Agree when. They won’t be on the street at 15, but make it clear they will have their own financial responsibilities as they get older.

“Can I take your order?” A teenager’s first job lets them experience the pride of making their own money, as well as the freedom that comes with it. Babysitting, mowing lawns, a paper route, they can even try the trusted lemonade stand.

A banking rite of passage. Say goodbye to their trusty piggy bank. Help your teen open and manage a savings account.

Balance the budget. Encourage your teen to budget and keep track of his/her money using spreadsheets or financial software.

Reward them with a helping hand. It never hurts to reward your kids for being responsible. If they’ve been saving for something special like a school trip, and fallen short, help them out if you can.

So go ahead and start grooming a financially savvy teen (hint: try starting in their tweens). If we have a generation of future Savers, just think how bright their futures will be. We know you have some ideas, too. Let us know.

Tags: Budget, Kids, Teens, Top 5 List