While the ever-changing status of the world is hard to predict these days, there's always one thing you can count on: how to manage your money. As a teen, you don't have as many responsibilities as the adults in your life, meaning less bills to pay. This can make it a lot easier to save your money, or contribute to the household as you and your parents see fit. Starting out now is the best way to build yourself a strong foundation for your future.
As a teen, you have more purchasing power than you did as a child. You're getting an allowance or working at a job. You should have a bank account, both checking and savings, and it's likely you have a credit card - or will be getting one soon. There's so much you can do with your money, which comes with a lot of responsibility. Whether you're saving up for a video game, a car, or college, learning how to manage your finances is an important skill.
Pounce loves getting to spend time with his dad! They practice baseball, go on hikes, cook meals, and read books together. What do you like to do with your dad? Pounce is ready to show his father how grateful he is on Father's Day.
We've all been stuck at home for a while now. Concerts, sports, and other big events have been cancelled. Not being able to go to school, see your friends, hang out on the weekends - it can get frustrating after so long! While some of this is good for your wallet, it all adds up to less ways to spend your free time. Yet there are plans you can make with your money to help yourself in both the future and the present.
Being a teenager can be hard. You’re in a limbo between childhood and adulthood. You have more responsibilities, but not as much freedom as you’d like. What’s your greatest advantage right now? You have a lot more time to make your money work for you.
Sometimes it might seem like your parents have a lot of money, and they can buy anything they want! But they only have a limited amount. What does this mean when you're trying to buy something?
Did you just get your first job? Congratulations! And what are you going to do with the money you make? If you haven’t thought about it yet, now’s the time. While it’s great to have money (that you don’t have to ask your parents for) to spend on fun things, it’s also a good time to start preparing for your future.
Do you go shopping with your parents? Maybe you have wanted a toy, but they said they had to save the money for bills. Or you wanted to get cookies, but they bought fruit instead. Why do adults buy some things but not everything you would like?
How do you manage your spending? Maybe your parents help you, maybe you had a lesson on it in school, or maybe you have no idea where to start. Try out some of these apps that are perfect for assisting you with your finances!
Debt is often thought of as a bad thing. You don’t want to owe someone for too long, especially when you have to pay back more than you borrowed as time goes on. But did you know that there is such a thing as good debt?