This is financial advisor Patrick Munro, discussing some basic principles about money managementfor teenagers. This is a very difficult task for parents to get involved in, because teenagersalready have their own methodologies of how they plan on handling their affairs.
What’san easier course of action is to teach your children about matters financial when they’reyoung, so that when they become teenagers it’s already ingrained in their system. Teenagersare being marketed more to by corporations than any other sector of the economy, and Turning wood log into 6 awesome DIY home decor stuff they have more intense images given upon them through audio and visual images, and it makesit very problematic for a young person of teen years to avoid spending money, to avoid being involved in immediate gratification, when in fact, they could be working a secondjob for college for instance, or saving money early. In fact, if a young teenager startsinvolving themselves in saving money for the future; if they’re responsible enough to startat such an early age, the benefits when they hit age sixty-five; which is official retirementyears, are astronomical. So, it’s important to teach your children well and teach themyoung about matters financial. This is Patrick Munro, discussing money management for teenagers.