Teens can do a lot to assist others during a financial crisis, whether the crisis is family-specific or global such as the recession of 2007-2009. The first thing to do is practice responsible money management yourself, no matter how young you are! For every dollar you earn or are given, try to save 10 percent (a dollar from every $10) and not touch it so that it is there for a rainy day. Next, when shopping, avoid impulse purchases and compare price and quality of any item. Try to pause and ask yourself these questions: * "Do I really need this. or do I just want it?" * "Can I borrow it from someone else?" * "Is there another solution that does not require me to buy something?"
Beyond becoming more financially responsible with your own money, teens can mentor younger siblings or primary school children. Several good money-related storybooks for young children may be available at the local library. Consider volunteering in church groups, a community-based club like 4-H or Scouts, or in a primary school classroom to read a book about smart money habits for kids.
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