Once your teen knows how and why he should save money and pay his bills on time, it is time for him to learn how to invest his money.
If your teen is ready to learn about investing, read through this blog to get some hints on how he can invest his money in stocks, exchange traded funds, and various bond funds.
The whole idea is to convince your teen that he can make at least three times as much profit by investing in equities as opposed to putting all his extra cash into a savings account.