Throughout the week we are highlighting one essential life skill daily, with pointers for parents of teens and college students. You can truly empower teens to be real about their lives and build the muscles for the college experience, and competent independence.
Parents can help develop this skill by:
- Teaching about the use (and potential abuse) of ATM, credit cards
- Teach about budgeting
- Strongly encourage work experience
- Discuss what parents’ financial contributions will be to college and what is expected from the teens
Essential because students will be responsible for managing finances on and off campus and understanding the cost of college and the importance of his/her academic commitment.
Maureen P. Tillman, L.C.S.W., is the founder and director of College with Confidence, a comprehensive psychotherapy service, with offices in Maplewood and Morristown, that supports parents and young adults through the college experience.