5 websites to help teenagers learn personal finance
With creeping interest rates, flat wages and sky-high property prices, it’s arguably more important than ever for teenagers to understand personal finance.
Fortunately, you don’t need a subscription to the FT in order to understand how money works, and neither do teenagers. In this article, we give a quick rundown of which websites can really help teenagers get to grips with understanding the wider economy and how to manage money.
As the name suggests, Investopedia is basically an encyclopaedia of everything to do with finance. It’s an incredibly useful go-to site for anyone who is unsure of how a financial product works, whether a corporate bond or a credit card. Most definitions also include a short video that helps illustrate ideas more clearly, which makes the site ideal for younger readers.
NB: It’s a US website so some of the terms used might be unfamiliar to UK readers.
Originally started in the UK, The Motley Fool is now a global investment website with a particularly large presence in the US.
However, its UK site is still a fantastic resource for those interested in learning about investment and the stock market. Look out for the site’s “Investing Basics” - it’s a no-nonsense breakdown of the key principles of smart investing.
Martin Lewis is a legend in the world of personal finance and someone we really look up to. In fact, he’s probably the only person to have become a celebrity by blogging about personal finance.
Fame aside, his website, Money Saving Expert, offers tonnes of advice that teenagers can easily digest, including the latest apps and deals to help you save and grow your spare cash.
4. The Guardian
The Guardian is less educational than some of the other sites on the list, since it’s more focused on current affairs (not surprising, really).
However, there’s no point in learning about personal finance if you cannot relate its importance to real life. That’s where The Guardian comes in: the stories on the site's "Money" section offer fantastic context to contemporary issues about money.
Ok, so this isn’t exactly a personal finance site. However, TechCrunch does contain the latest on what’s going on in the world of tech - specifically who is launching what products, how much they cost, and how much money tech companies are making.
The content is always light and exciting and, given that age and tech-savviness seem to be inversely correlated, TechCrunch is a great way for teens to learn more about business and, consequently, money.