Young Generation And Need of Personal Finance Education: It is very important to know that the young generation is getting more and more involved into a lot of things of amusement which were either non-existent or pertains to the past. Besides the usually late night drive-in movie or mid-afternoon soccer practice, today’s technologically interested youths can write a letter, talk to a friend, can listen a playlist 1000+ songs, update a social status at net, and send a letter of application to a favored university, all at the same time, and all this while squeezing a stress ball with one hand.
It obviously shows that for today’s youth, a whole world of opportunities lies on their figure tips. But with opportunity comes with corresponding responsibility. And, more often than not, there is money involved. Today’s generation of technology savvy needs to know about finance tips and tricks wisely and responsibly.
Take the case of an average student. The day begins at around midnight with either a late night out together with friends with boxes of pizza with a lot of six packs, or a full blown house party with beer kegs and the works. Night wears on, and the next morning reality kicks in with a vengeance.
All those wasted money on beef jerky and nacho chips, now nothing but crumbs on the filthy floor. There’s laundry to do. Papers to finish. Food that was stocked up for the week is gone from the previous night’s party. There’s a trip to the nearest store to restock.
It is but human to succumb to the pressure of spending while there is money to spend it with. Even matured, responsible, emotionally stable adults fall for it, so why should young people be blamed for it? The real problem is the lack of education, both from adults and friends. The spending habits that start early on in life carry through to adulthood.
A teenager who spends sixty dollars on a fad shirt now may spend several hundred for another later on in life. These so called little things tend to stack up and become a huge financial crisis. It is better for young people to learn how money does and does not work as soon as they gain their freedom in college, as soon as they get their student driver’s license, before they graduate from high school. For it is most important to educate them on following points:
- Personal financial tips
- Investment options young adults
- Financial advice for young professionals
- Smart investments young adults
- Best investments for young adults 2015
- Life advice for young adults
The earlier, the better! Because in the real world of credit cards and mortgage payments, anyone who does not know how to stretch, squeeze, scrimp and save money for all its worth ends up in financial trouble, to say the least. And it is very disheartening to splurge all day with nothing to answer for it but candy wrappers, pizza boxes, dirty laundry and old magazines. Young people should learn more about taking care of personal finances, while they are still young and ready.