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Teen Finance Series

Cash and Credit Information for Teens, 3rd Ed.

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Cash and Credit Information For Teens, 3rd Edition, provides practical information for teens about receiving income, paying taxes, and budgeting. It discusses how to choose appropriate banking services, manage a checking account, use credit and debit cards, make informed shopping decisions, borrow money for education or major purchases, and avoid financial pitfalls.

This book is divided into parts and chapters. Parts focus on broad areas of interest; chapters are devoted to single topics within a part.

Part One: Earning Money begins by outlining the five key principles of making money. It continues with information about career planning and common ways teens can acquire money including jobs, internships, and through entrepreneurship. Information about taxes on income and other earnings is also included.

Part Two: Managing Your Money discusses money management and budgeting. It describes banking basics, and offers tips on safeguarding your accounts and avoiding common money mistakes. It also provides information on protecting your assets, and offers suggestions on how to make your money grow. A chapter on how you can use your money to help others is also provided.

Part Three: Managing Debt And Credit talks about borrowing basics and what you need to know about credit. It explains how credit works and the importance of building a good credit history. It discusses the factors lenders consider when making decisions about loaning money, and it describes the types of loans teens may encounter most frequently, including credit cards, car loans, and loans for education. Information on choosing a credit card and keeping your credit information safe is also provided.

Part Four: Smart Spending provides tips about shopping and spending money wisely. It discusses ways to evaluate purchase decisions and describes the benefits and risks of various payment options, including cash, mobile wallets, credit cards, and online payment services. Individual chapters discuss some of the purchase challenges many teens face, including shopping for cell phone plans, buying a computer or tablet, and buying a car. The impact of social media and opinion driven purchasing is also discussed.

Part Five: Avoiding Financial Pitfalls explains some of the most common problems that threaten financial well-being, including spiraling debt, predatory lending practices, and identity theft. It also cautions readers about the risks associated with various frauds, lottery scams, bogus fundraising activities, fraudulent work-at-home and internet schemes, pyramid and Ponzi schemes, telemarketing scams, and gambling.

Part Six: If You Need More Information includes a list of online money management tools and a directory of resources for additional information about personal finance.


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“This book provides an excellent format that attracts young readers. Every high school, community college, and university should consider adding this book to resource collections. Library acquisition decision-makers will also consider this contribution appropriate for their teen resource center.”

—American Reference Books Annual, 2018