Financial Education

From a Teen's Perspective

Over the past two years, I have worked a summer job. This has helped me to save money for college, while also having money to spend when shopping or going out with friends. This brings me to tip #1: If you do not have a checking account and a savings account, I recommend both. Having a checking account along with a savings account helps me save money without thinking about it. With my checking account, I have quick access to money through my debit card; but with my savings account, I don’t! It is easy to deposit a percentage of your paycheck into your savings account, putting that sum of money out of quick reach. This allows you to still deposit the money you want to spend into your checking account, while also building up savings. Tip #2: You are never too young to budget! It is extremely important to learn how to budget… especially as a girl who loves to get her nails done! Learning to budget doesn’t have to be hard; it’s simple! It is all about keeping track of where your money goes and making a list of your needs and wants.