Sturgis Bank Knowledge Center

As parents, we want to teach our kids so many things: kindness, responsibility, resilience, independence, and critical thinking .... Smart money habits are also on the list, but when and where to start can be daunting.

Budgeting just means making a plan for your money before you spend it. And budgeting is definitely for teens, especially if you’re earning money through a part-time job, side-hustle, or allowance.

Unexpected expenses can feel like a plot twist in your financial story. A flat tire, a medical bill, a home repair you didn’t see coming — they all have the power to throw off your budget. But here’s the good news: with a bit of planning, those surprises don’t have to become setbacks.

For young adults, getting approved for a loan can be tricky. Many young Americans have a limited credit history (meaning there isn’t much to show in their credit report), which makes it hard for lenders to approve a loan.

Have you ever thought about teaching your teen financial literacy? Well, getting them a debit card is a great start.