Special Project: MoneyTalk -- Financial Tips for Teens

Things like credit cards, buying a car, and opening a checking account all require great responsibility and can have terrible consequences if mismanaged. A team of ThreeSixty reporters — Ariel Nash, Lisa Fan and mentor Mary Kenkel — scouted out the best approach for teens to an important skill — managing your money.

Buying a Car: What Teens Need to Know

As newly licensed drivers, many teens are interested in buying their own car. But owning a car comes with many costs and responsibilities to keep in mind before you buy.

How to avoid credit cards' dangers

The college search is a big step for a teen. By the age of 17, not only are acceptance letters flooding your mailbox, but credit card applications are also sneaking their way in with the good news. In fact some of the applications come with pre-approved cards, embossed with your first and last name. It’s easy to feel important and rich, but it’s also dangerous.

Under the new federal law that takes effect in February, credit card companies can’t issue cards directly to anyone under 21. Instead, their parents or other adults must co-sign for the card, or teens must prove that they have sufficient income to pay off their debt.

New law makes it harder for teens to get credit cards

If you are a teenager and are considering applying for a credit card, you should think fast, because it won’t be so easy thanks to a recent change in federal law.

Best checking account offers for teens

As part of our MoneyTalk reporting, my partners Mary and Lisa and I went undercover to shop for the best checking account in town. We decided to zero in on three big banks: Twin Cities Financial, or TCF, U.S. Bank and Wells Fargo.

Our first stop was Wells Fargo on Grand Avenue in St. Paul. A man greeted us at the door and asked if he could help us. Mary explained that we were shopping for bank accounts.


Money Talk - Smart Shopping 101: Frugal back-to-school

Are you a teen looking to save money on clothing? You are not alone. According to youthradio.org, teen retail spending is down 14 percent this year. But it is not necessary to sacrifice your style to cut down on spending. Here are 12 easy ways to spend less and still look good.