Smart ways for teens to invest money from summer jobs

- For teens looking to make a quick buck, summer can be the perfect time to let them jump into the American workplace.  But that cold hard cash could be burning a hole in their pocket, and parents can help them make the right choices.

A typical teen might be tempted to blow it all on electronic games or clothing, but teens should think of investing as well--opening savings accounts and starting an emergency fund. 

Just allocating the savings is often a challenge. With so many different demands on their money - whether it is spending on themselves, helping out their families, or saving for future needs like college and even retirement - how are teens, so inexperienced about budgeting, supposed to wrap their heads around it all? Our FOX 26 expert has the answers in our attached video.

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