Students

Parent, Teens, and Money

  • The 8 Objectives of This Guide. After discussing the 8 topics in this guide, your teens will have learned: What a credit history is and how it is used by lenders to determine creditworthiness. How credit scores can affect their ability to get credit — or even jobs — and how they can develop a good score or repair a damaged one. How to compare features among different credit cards and use them correctly to avoid fees and overspending. What to look for when choosing banking services and how to avoid unnecessary fees. How to compare and shop for loans and precautions to take before signing contracts. How to create and live within a budget. How to recognize and deal with serious credit problems. How to protect personal information from identity theft.

  • A Clear & Simple guide to discussing financial responsibility.

    College Parents of America logo

    Chase Card Services is proud to partner with College Parents of America to make this online guide available to help parents discuss important financial topics with their teens.

    Young people, whether traveling on the path to college or into the workforce, will be faced with an increasing number of financial decisions. Their knowledge and attitudes about spending, savings, credit and debt will have a significant impact on their futures. Parents, more than anyone else, can help put them on the path to financial success.

  • 1. Credit 101: What credit is and why it's important

    Credit topics you may want to discuss with your teens.

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  • 2. Understanding credit cards

    Make sure your teens understand the advantages of using credit cards wisely.

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  • 3. Understanding banking services

    A basic primer on common banking services and terminology.

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  • 4. Understanding loans

    Learn how applying for and paying off loans responsibly can boost your young adult's credit history.

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  • 5. Creating a livable budget

    Talk about one of the most helpful tools for attaining financial security — a budget.

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  • 6. Contracts: Knowing what you're getting into

    Don't wait — find your debt comfort zone.

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  • 7. Identity theft

    Identity theft is serious, and it's hard work to repair the damage it causes.

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  • 8. Other helpful resources

    Important personal financial management topics, along with more information.

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    Download the Parents, Teens, and Money guide (2MB PDF)