13 Money Lessons Your Kids NEED to Know Before Leaving for College

Make saving second-nature

Having the self-discipline not to spend every cent of every paycheck can be tough. To make it easy, have teens set up their accounts so part of their paychecks automatically go into a separate savings account, recommends financial consultant Robin Taub, CPA, CA, author of A Parent’s Guide to Raising Money-Smart Kids. “Money is set aside for a specific goal, and you don’t touch that money,” she says. “You let it sit there and accumulate for university costs.”