How to get your teen ahead of the game when it comes to financial literacy

According to a 2015 PISA study, 22% of teenagers lacked the basics in basic financial skills. Some of these skills include budgeting, learning about interest rates, loans, and credit cards.

These skills may seem simple, but they are rarely taught at home or even at school. They also serve as a reference for successful living and more advanced financial concepts like investing.

So what’s the best way to give your child a head start?

Simple.

Open a Fidelity account for kids so they can learn the basics with free, easy-to-understand content. Some content includes free videos, blog posts, and even live webinar series. Thanks to the internet, it has never been easier to learn these key topics for free from anywhere!

Master these basic skills with a Fidelity Youth account!

Teens as young as 13 can start investing and learning about personal finance with a Fidelity account for young people. They can even start investing with just a dollar in typical investments like stocks, bonds, and low-cost mixed ETFs in fractional amounts.

They can save even more money since there are no account fees, minimum balances, ATM fees or other surprise fees.

Open a Fidelity Youth Account today to receive $100 and $50 for your child.

Join today!

The Fidelity Youth account can only be opened by a parent/guardian. Account eligibility limited to teens ages 13-17.

¹Limited time offer. Terms apply. Before you open a Fidelity Kids account, you should read the account agreement carefully and make sure you fully understand your responsibilities for monitoring and supervising your teen’s activity on the account.

Image from Shutterstock

Louis R. Hancock