By Zaire Briggs
Many teenagers are not learning good spending habits. This could turn into the main source of their financial problems now and long into their future. Most teens are uninformed or misinformed. Some teens may not even realize they have a problem at all, and not ask for advice before making important financial decisions that will affect their future. This problem affects teenagers going into adulthood. This problem affect teenagers going into adulthood because financial problems can stop people from doing many things in the future, such as buying a house, taking out loans and etc. When a child has a regular allowance every week and can spend it however they want, it gives them bad financial habits. Teenagers need to learn the right financial lessons when they’re young. Otherwise, they are unlikely to develop the level of financial intelligence that they need to succeed in life. East High can play a major role in helping teenagers learn how to manage their finances, so they don’t ruin good opportunities for their future. More financial training part of education curriculum. Students do learn some of this is Personal Finance class, but there should be even more classes offered and it should be emphasized more.
2 Comments
Eric Keenan
5/30/2019 10:32:03 am
Personal finance is a very important topic, but many people are uncomfortable talking about money. Here are two lessons I wish all young people learned. One is the difference between wants and needs. In my case, I have a small house and an old car, but they're both paid for. I might want a bigger house or a newer car, but I don't think I need them. There is no end in the world to things we would like to have. Focus first on what you need. A second important lesson is the importance of saving money. If you're struggling to cover basic needs, this will have to wait until you can improve your situation. After that, saving some of your money makes life a lot easier. Life always throws surprises at us and they're easier to deal with if we have some savings. Less important than how much you earn is how much you can keep for yourself. You could earn a million dollars a year, but if you're spending $1.1M, you're going to have problems. I hope you will continue to educate yourself and use what you learn to take control of your future.
Reply
Nahoko Kawakyu O’Connor
6/11/2019 05:46:18 am
Yes to all this! It would be great to be taught financial literacy in schools. Mr. Keenan’s wish that young people would understand the difference between needs and wants is a lesson we can also learn in adulthood.
Reply
Leave a Reply. |
Archives
April 2024
Categories
All
|