Connect with us

Hi, what are you looking for?

Money Management

Savings Alert: Start Now and Save Big!


 

When you’re a teenager most of the time you think your unstoppable, you rule the world, and you especially think you know everything about anything. Well, when we asked the pros they said that when they were teenagers they wish someone was there to tell them what they should and shouldn’t of been doing especially when it comes to money and saving.

So, if your older and reading this its never too late to stop in on some advice and maybe you can even share it with someone younger that you know. However, if you are a teenager reading this, well, you came to the right place! So, what should you know about saving and money?

  1. Put away a portion of what you make: If you are working or getting money from family, be sure to put a good portion of it away and leave only a little for spending. The more you leave in your checking account, the more you want to spend. The more you put into your savings account the more you will save. You may want that new phone or computer and you can have it but earn it with the little money you put in your checking you will be a lot happier when you come out of college with extra cash.
  2. Discipline yourself early: It is very important at a young age to be able to discipline yourself. Once you get into a routine of saving, it will be hard to break that. The more you save the better. This little habit of putting your money away will stick with you for the rest of your life if you start young enough.

So, what’s the takeaway from all of this? When asking the pros, they said that teenagers with more discipline and money saving skills at a young age will be more successful and frugal as they get older. These skills that you start now will carry you throughout your life and you wont regret it. Start now and watch your savings grow!

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...