The more financial knowledge we can help our older teens acquire, the better their money management skills will be. From the basic knowledge, such as knowing how to write a check, to the more complex, such as being able to discern between good and not-so-hot credit card terms, our teens need to leave the nest prepared to use their financial knowledge as a useful tool in creating their life. Here are three points to make sure you cover with your teen:

#1. Understanding Financial Terms. A CD is more than just a way of listening to music. It's also a way to save money. Don't assume your teen knows exactly what different savings instruments are available to them or how they work. Knowing how a traditional savings account differs from a CD or exactly what a money market or mutual fund is, is information they need to know in order to eventually make wise decisions about where to place their money. Be sure they also know the difference between a bank, credit union and brokerage house, as well as between a US Treasury bill, note and bond.

Teens now a day seem to know everything. Heck they think we just exist for the shear pleasure of cooking them their meals and taking them where they need to go. Seems more than not, they love to talk back and yell. Why not yell they feel the louder they yell the more we will hear them and then they get mad when we do not understand and then they walk out stomping or worse, cussing!