I was absolutely terrible with our finances when I was in my teens and 20s. In fact, most of my Friday paychecks were blown at the Mall of America leaving me with little to nothing come Saturday. Not even gas money. What really bums me out is that I was making about $1,000 at the age of 16…and Holister, Abercrombie and Olive Garden got more of it than I did. I went into my 20s with great credit followed quickly by insane amounts of credit card debt. My mom did a great job of teaching me a lot about life and she showed me how to balance my checkbook. On top of that, thanks to my failing grades in math class, I was gifted the opportunity to take “consumer math” which taught me how to budget, save and do my taxes. (This all sounds great…I was in good hands right?) In that class they would have us find an apartment, plan our bills and then BAM! we’d get a flat tire and have to dig into our savings to pay for it. I remember thinking, “This is so annoying. They are just trying to make this hard on us.” –Uh, no sweetie…this is called life and since you’re a senior taking math classes with freshmen, they’re just hoping you can survive life after high school. Now, as a mom raising 3 children, I didn’t want this ignorance to rub off on my kids. When our oldest got her first job at the age of 16, I stepped in. Here are my tips for parents on teaching your teen to budget and save…so they don’t end up like me circa 2010.