back to school shopping can be fun and stressful at the same time we have all these ideas of what we want but only a ceritain amount of money we have . When preparing for back-to-school shopping, it's important to start by figuring out a budget. This could include allowances, earnings from part-time work, or even money from parents. By knowing the total amount of money accessible, we can establish practical spending limits that will help them make wise purchasing decisions while shopping. This is the basics of making well-informed choices and promotes responsible spending habits. Moreover, it's better to create a list of needed items to stay focused during back-to-school shopping. It's helpful such as notebooks, pens, and clothes, and non-essential items like fashionable accessories . By differentiating between these categories, we are less likely to overspend on things that aren't essential and that you can use your funds where they are truly needed. Additionally, usin...

Yesterday I got my second paycheck and it was a real good paycheck too. Not remembering that I owed my dad money for him buying my work uniform, my excitement about the check suddenly changed when he asked that I pay him back immediately. It was in this moment that I was reminded that it doesn't feel good to owe somebody money.  And, that borrowing money is much more fun than paying it back. Now, I didn't have a problem borrowing the money, because I needed something right away, and it felt good when he swiped his card for it too. But I admit, that I was in my feelings when he asked me to pay him back, even though I knew I owed him. As teens, we should learn early It's unwise to owe people money for several reasons but here are just a few that I've learned from this recent experience.  It can strain relationships and create tension among friends, family members, or business partners . My Dad was not okay with an installment plan or arrangement. He reminded me that he di...

As teenagers, it is important to develop good financial habits early on in order to set ourselves up for future success. Here are some financial tips that can help us navigate the complex world of money management. The most important thing is to create a budget and stick to it. In order to do this, we need to track our expenses, set budgets, and prioritize savings. Knowing where our money is going helps us make informed decisions about how to allocate it. A portion of our income should also be saved regularly. We learn the importance of delayed gratification when we save money from a part-time job or allowance. Avoid unnecessary debt as well. The use of a credit card irresponsibly can result in high interest rates and long-term financial damage. Only borrow what you can afford to repay in full each month. By following these financial tips for teens, we can establish healthy money habits that will serve us well throughout our lives. By being mindful of our spending, saving diligently, a...