The Skinny on Checking Accounts for Teens

Opening up a checking account as a teen can be very smart, however it can also be risky. Teens will begin getting into the real world of money at a younger age instead of getting tossed into it after high school. Unfortunately, with opening up a teen account, you have to monitor how much you spend very closely. New advances in communication allow people to view their account ballance frequently through online and also through text messaging. Parents are also able to monitor their childs' account.  With the help of their parent, teens are guided and taught how to make smart decisions when dealing with money.