How Do Teens Spend Their Money?
Teenagers have no care in the world, or at least not much when it comes to money. Its undeniable that most teens nowadays only care about money and the things that they want to buy. Most of the teens nowadays do not care about the serious matter like how they can pay the rent, their grocery bills and their retirement age, however, they opt to think about petty things like, what they are going to wear, their new friends and who will going to like them. However, its also a good thing that teenagers do not worry about the serious matter. However, the problem is, they will find it hard in the near future to manage their money since they don’t have that much knowledge about money.
Did your parents teach you about money when you were growing up? Ideally, every parent teaches their kid how to save and spend wisely, shows them the value of money, and makes sure they have a grasp on money management before they are thrown into the real world. However, most parents do not teach their children the importance of money. It’s very likely that they were never taught about money when they grew up either.
Do you know anyone that is in debt? Have you ever thought what it feels like for someone to grow up in debt and what could be the kind of family that the person has. You might think that people born into a rich family grew up to be wealthy. However, they only look wealthy because they keep on spending their money and the money of their parents, but there is a possibility that in the near future, they won’t be having the same amount of money that their parents had. In the near future, if they had already spent all of the money of their parents, this will be the reason that they will be on debt. Pity is what people in debt deserves, not sympathy. These people should be reminded casually that they should not spend too much money on the things that they can’t afford.
Do you know someone that has control of their money? It’s possible that these people who can control their money doesn’t have luxury house and cars, however, there is also a big chance that these people doesn’t have any debts. These are usually one of two different people. First, they grew up in a modest home, either with little money or working class. They were not taught to be too grand, however, they were taught to value their money. Its good that these people were taught by their parents since they have brought this money-saving lesson until they grew up.