WHAT ARE YOUR BEST TIPS FOR MONEY MANAGEMENT FOR A TEENAGER?

I am the seventeen year aged lady as well as I customarily only finish up spending all my money. But I do not wish to only put it all divided in the assets account. What have been your most appropriate methods for me to not outlay it all?

{ 3 comments… read them below or add one }

Jack T June 8, 2010 at 12:22 pm

I’d give my extra money to my parents to save for me.

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Brenda M June 8, 2010 at 12:47 pm

If you start now and save 10% of your money now and all of the time for the future you will be well equipped for the rest of your life. Just open up a savings account (for now) and always put 10 % of your earnings in there never to be touched.

the second part of this is that make the decision to never spend more money than you make. Do not get into the game of living on credit cards. this is financial suicide

all the best to you

Roger O June 8, 2010 at 1:30 pm

Do not use a credit card. Use a debit card. Stay debt free. Build a emergency fund of three to six month to live on when your job go’s away. From your income save 15% and live on the rest. Do this all your working life as a plan for managing your finances. Save so you can pay cash for your goods. Invest in the stock market for the long haul.

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