There's a big catch with this though, your teenager/college student can't budget & spend like a mid career professional. $10k is far dearer to them than you. (T

There's a big catch with this though, your teenager/college student can't budget & spend like a mid career professional. $10k is far dearer to them than you. (They also have far fewer expenses) I don't know what the answer is, perhaps you start with basic financial literacy & later mock up what their life might look like with X debt and Y income.