Parenting|

Your Teen Is Curious About Investing … Let Them.

by Team Scary Mommy
Updated: 
Originally Published: 
Alex Robinson Photography/Getty

“How does the stock market work?” your teen asks with curiosity. Uh-oh. As you stumble through a barely passable explanation while wishing you’d paid more attention in your high school economics class, they interrupt to ask if they can invest grandpa’s birthday check in this cool semiconductor company they’ve been researching online. Huh? How do these kids know this stuff?

Thankfully, you don’t have to be an expert on the stock market to allow your kid to start learning about investing with small, supervised amounts of money. Why? Because Greenlight is here. With Greenlight, teens can learn about the long-term benefits of investing, including the opportunity to grow long-term wealth and save for major purchases, like college. Greenlight offers a range of tools to help teens learn to cultivate a healthy, responsible financial life. All you have to do is practice your “I already knew that” face as you learn right alongside them.

Parents: The OG Financial Influencers

As parents, we’re our children’s biggest influence when it comes to money. That means our own parents played a big role in our values, attitudes, and beliefs around money. So while you may have grown up in a home where money and investing were openly discussed, it’s just as likely you didn’t get much real world learning about money as a kid.

With this in mind, it’s never too early to start family conversations around finances. And Greenlight makes it easy — it’s a debit card and money app for families that allows kids and teens to earn, save, spend, and invest in a parent-controlled and safe environment. It’s easy for parents to send money to their kid through the app, and with features like chores, allowance, and savings goals, Greenlight helps kids understand how to budget and save for today and for their future.

Investing and the Magic of Time

Even when you’re comfortable talking about earning, saving and giving money, teaching your kids about investing may seem a little (or a lot) intimidating. Seriously, some of us would rather help with algebra homework than explain bulls and bears.

But when your kid does start to get curious about investing, begin the conversation with something tangible, something they can envision — for example, a major trip or a dream car they can invest toward over time. No need to panic-search “How does compound growth work?” Greenlight helps you and your kids understand firsthand how, when it comes to investing, time is everything.

With Greenlight Max, kids can use the app and debit card to see their money all in one place. Then they can use the app to research stocks, invest the amount they’re (you’re) comfortable with, and track progress. They get to explore companies and learn about the world of investing while you approve their trades, even if you’re not the world’s foremost authority on the stock market. Today’s kids already know so much, and they’re always hungry to learn more — give them the tools to do it.

Greenlight

More Than An App

Greenlight is a mission-driven company with a dedication to teaching kids, teens, and families about how to earn, spend, save, give, and invest. That mission is not just talk. Greenlight provides a ton of resources and products that open up the world of money. It’s also focused on educational content for parents and kids, making it an invaluable tool to start conversations around finances and learn money management in a safe and parent-controlled environment.

Every kid deserves the opportunity to become financially confident and healthy. And families should have the tools they need to learn how to build long-term wealth together. Understanding money helps kids reach their financial goals, but it can also help them get ahead in life, even if they’re not part of the 1%. Greenlight Max allows kids and teens to invest safely, and since investments require parent approval, it gives parents peace of mind… even if your teen does quickly outpace you with their financial knowledge.

Greenlight is the perfect tool to take the overwhelm out of helping tweens and teens learn about money management and investing. Learn more and download the app here.

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