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Teaching Teens To Drive & Handling Finances

Article Summary: There is a connection between handling finances and teaching a teenager how to drive a car - and USAA has found that connection.

Ask any person if there is a connection between parents teaching teenagers how to drive and teaching a teen about how to handle his personal finances. It is much likely that that person you asked would look at you as if you were one weirdo. Honestly, there are not much people who would think of the connection in a snap. Or even after a couple of minutes of deep thinking.

However, it seems that there is really a connection between the two and this is according to a United Services Automobile Association (USAA) study which the results were released just today, The Auto Channel reported.

According to the results, while parents do teach their teenagers the proper way of driving and the etiquette that comes with it, the parents should also put in the statistics and the facts of personal finances when it comes to car costs. For example, parents should be able to inform their teenage drivers tips on how to save on gas for the prices of fuel are seemingly unable to stop the upward climb. Parents should also be able to tackle expenses that come hand in hand with owning and driving a vehicle.

June Walbert is a certified financial planner of the USAA and she discloses, “Learning to drive is a major milestone in a young person’s life and with it comes major responsibilities. Safety will always be the first priority, but driving a car also has financial implications, so it’s the perfect time for parents to introduce the concept of responsible money management and help teens establish a strong foundation for their future financial success.”

Walbert also did continue to share tips which she calls “The ABCs of Teen Driving Finances”. A stands for Act and she means that both the parent and the teen driver should be able to accept the fact that driving is expensive and they should together think of ways on how to shoulder this. B is for Budget and Walbert explained that parents and teen driver should be able to discern just how much of the whole total in expenses would the parent shoulder and just how much would the teenage driver give. Planning a budget would be nice. Communicate is what C stands for and Walbert says that the expenses should be discussed well so as to have clarity for both sides.

These ABCs would really help out a lot for both parents and teen drivers. After all, car expenses can go pretty and with both parent and teen at the wheel of a Dodge Wm300 Power wagon parts -equipped vehicle or any vehicle for that matter, both should be able to understand their responsibilities and what tags along with being a driver.

Article Source: http://www.upublish.info

About the Author:
Anthony Fontanelle
For more information about your parts needs like Dodge Wm300 Power wagon parts visit your trusted online source. Anthony Fontanelle is a 35-year-old automotive buff who grew up in the Windy City. He does freelance work for an automotive magazine when he is not busy customizing cars in his shop.