10 Financial Events to Plan for in Your Children's Lives

First Job
Everyone remembers their first job – it’s where many people get a first taste of responsibility outside of school and chores. ©Thinkstock

Is your teenager constantly asking for money, or could your family use a little help making ends meet? Either way, it might be time for your child to get his first job. A job for a teen, just like for adults, can be more than a means to income. It's also a good way to learn how to work responsibly, how to get along with a variety of people and how to manage newfound wealth. Some of the most common jobs for younger teens can be found right in the neighborhood, such as babysitting, dog walking, pet sitting or yard work.

Older teens may be more interested in working in a restaurant or retail (oh, the discounts). If you're concerned about your teen's grades or social calendar, maybe you should encourage your child to consider a summer job. If you help your kid with a budget and savings plan, it might be a way to earn money that can last throughout the school year.