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To learn about money, there are some pretty fun tools available.
It’s never too early to start thinking about college planning. In fact, it’s a good idea to start the process as early as your freshman year in high school.
People view money very differently, and as a teen, your opinions about money are mostly shaped by your parents. Whether you see it as simply a means to buy things you want or something more, it’s important to feel comfortable and confident with your emotions toward money.
Have you ever needed to purchase gifts when you didn’t have any idea what to buy? You could spend a long day at the mall buying gifts and then realize that you forgot a few people and have to make another trip out for more shopping. Doing a little planning before you hit the stores can save you time, frustration, and money. Hopefully these tips will help.
Insurance is a way of protecting yourself from some of life's surprises. People pay a relatively small amount of money each year for insurance. If one of those little surprises pops up, a portion of the responsibility of paying for the surprise is transferred to the insurance company. This protects people from being forced to spend large sums of money to pay for large expenses, such as damage to their auto or damage to their home.
Credit cards offer convenience. You do not need to carry cash to make purchases because you can charge them and then pay for them when you receive your bill. To keep them from costing lots of money, credit cards require discipline on the part of the card holder. Card holders should always try to pay their balance in full by the due date each month in order to avoid interest payments.
Starting off with good habits in college, especially good financial habits, is extremely important to controlling the debt a graduating college student will have; plus, it builds great financial skills that are helpful through all of their lives. Numerous experts all agree that a few basic tips that all freshmen should know can help make the financial impact of college much more manageable upon graduation.
Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.