Teenagers who are bored may find themselves itching for something new to do, whether a sport to run off the excess energy or a job to bring in spending money without asking mom and dad. If it is the latter, there are a few important things for your teen to know before they start on their first day. Helping your teen to prepare for the workforce can not only provide immediate benefits for their wallet and boredom but also have a long-term positive impact.
How to Fill Out Forms
It may be necessary to help your child fill out their W-4 form before starting their new job. Talking with them about what withholdings are, what it means to be exempt, and how to properly fill out both this form and other tax forms will both be beneficial now but also in jobs to come.
What to Do If You Get Hurt
Make sure your child knows about how iowa Workers Compensation works and help them understand the procedures. Talk to them about what they should do if they get injured on the clock and adequate reporting to their employer should something happen.
How to Budget
Finally, talk you your now-employed teen about what to do with their paycheck. Consider helping them set up separate bank accounts for checking and savings and encourage them to think about long-term goals so they don’t spend their entire paycheck in one go.
It may be hard to watch your baby growing up and developing independence, but a high school job can foster maturity and life lessons while still under your watchful eye. By guiding your teenager through the process and helping them to understand the implications of their actions, you can allow your child to change into a more responsible and better-prepared adult.…