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More Than Just Fun in the Sun: Summer money matters for young workers

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Each summer, millions of young people get their first job. With every first job comes a first paycheck, and that first paycheck is an opportunity for young workers to develop their own financial skills. 

This important milestone is often when young people first take control of their finances, make choices about various financial products, and develop the financial skills to learn what works best for them. Through work from our Youth Employment Success (YES) initiative, we know that youth employment programs are a unique opportunity to provide financial empowerment to young workers. We also heard from young workers about what matters to them when it comes to their money. 

Whether you are a parent of a young worker or working for a program to support young workers this upcoming summer, here are some ways you can help them have a healthy financial start.

We also have a set of resources you can use to help them meet their financial goals by increasing their knowledge, skills, and resources. These resources, called Your Money, Your Goals, include tools you can use to help young workers manage their money.

Summer jobs are important opportunities for young workers to develop the skills and habits that lead to success. And while summer may be the time of year when most young people work, many continue to work throughout the year. Developing good financial habits early in life can help young people best use their money in ways that are important to them and help them plan for their futures.

This article by was distributed by the Personal Finance Syndication Network.