Many students and teenagers in the modern world today are given the responsibility of paying for things in their life. Whether it be their cell phone bills, gas, or car payments. This obligation can be a pretty big burden on students, especially when they are worried about their grades as well as jobs. However, with a few easy steps saving money can be simple.
Upon receiving paychecks, teenagers should always put at least one third of it away, either in a bank or just in a safe place so it won’t be all be spent. Having extra money away will ensure that an emergency stash is there. If a payment on a car or cell phone bill is needed to be made, make sure extra money is put away so that it is always paid on time.
Students and teenagers should always keep a record about spending and contemplate spending a lot of money at once. Determine how most of the money is spent and what it is spent on and make sure it is the best choice.
Saving money might not be the very first choice a teenager would like to do once they receive some, but it is the best choice. Saving money now will teach students skills they will soon need to know when they attend college and become an adult.
“Saving money is a really good idea because it makes sure that you always have money to use and if you do come up on something you need it for it’s always there for you,” Senior Hannah Pirello said.