5 WAYS TO HELP YOUR TEENAGER TO MANAGE MONEY Share responsibilities. Create a budget. Empower with guide rails. Be virtually there and help your child go cashless. Create a “Save” meter. Shaping a child’s financial behavior and attitude towards money depends on their parents. Most teenagers look up to their mom and dad as an example when it comes to managing finances. Hence, as a parent, it is very important to set great standards and teach teens about money . Source: slonkit.com