Preview

Young People Need to Spend Less Money and Save More

Satisfactory Essays
Open Document
Open Document
441 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Young People Need to Spend Less Money and Save More
Young People Need To Spend Less Money And Save More Human beings have different thoughts about their life. Some of them believe in enjoying life without considering anything, but some others believe in saving money for their future. But it is better for young people like me to save their money instead of spending it carelessly. Because young people have lots of expenses in the future, like education, unpredictable emergencies, besides that the job market is not steady. So it is better for youngers to save more and spend less. One of the reasons that make youngers to save money and spend less is education expenses. Education is expensive so young people like me cannot totally depend on our parents to pay all the bills. We have tuition, books, maybe rent and other educational expenses to pay for. Even though our parents help us, but we have to pay part of it. So we should save some of our money for that. The other reason that saving money in youngers is better than spending it carelessly is emergency situations. Emergencies could occur any moment. For example one of our family member may need help and we will have to give them money, or one of our parents might have an unexpected injury or serious illness and they could not go to work for some time so we must have some savings for that emergency moments in our life. Besides that there is other reason for younger people to save more and spend less and it is the oscillation of the job market. The job market is not steady, specially these days. Due to oscillation in the job market we cannot predict what will happen next. For example one of my friend lost her job due to recession. She did not get a job for about one year and a half, but

You May Also Find These Documents Helpful

  • Better Essays

    Cash Flow Analysis Paper

    • 935 Words
    • 4 Pages

    Saving money is extremely important however; some people do not have healthy savings thus leading them to financial instability. Therefore, being a good steward over your finances should be consistent and begin at an early age and progress as you age. This will provide an effective growth pattern to allow future financial security.…

    • 935 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    because it will help you out in the long run in case you need to buy something are only living pay check to pay check.…

    • 525 Words
    • 2 Pages
    Powerful Essays
  • Satisfactory Essays

    I believe that it is always important to have money set aside in a saving account. Living in the world today you never know what may happen next so it’s very important to always have money set aside for emergencies. It’s also beneficial to have a savings account because it teaches you how to be discipline when handling money.…

    • 149 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    It is not uncommon for the evening news to talk about the local, state, or national budget. Controlling finances is an important issue for governments at many levels. Families also must control their finances. Some families create budgets that they stick to carefully, recording all outgoing and incoming money so that they never spend more than they bring in. Other families keep at least a mental count of where their finances stand. But what about young people—people your age?…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    tma 01

    • 561 Words
    • 3 Pages

    Over the course of a person’s life they will go through certain changes, from being a youth through adolescence and becoming an adult. The thing with the life course is that everyone doesn’t follow the same pattern. Everyone is pretty much guaranteed to grow old as its basic biology but everyone is not guaranteed to say get married or even have children and what’s to say that a married couple won’t eventually get divorced. Other things that can affect us are deaths in the family or a sickness from work. All these things change the financial position that we find ourselves in and it can show weaknesses in our own financial capabilities if we don’t plan ahead.…

    • 561 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Money management and financial planning is an aspect of life that everyone encounters. Despite one’s income or financial status, every adult and child has a concept of money and how to manage finances. Learning effective tips for financial success is very important to ensure future prosperity. For students especially, it is vital to be exposed to money management advice to learn and adopt good spending and saving practices early in life.…

    • 644 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    put off college until they have enough saved to pay but then there is a gap in age difference between students…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Consumer Debt

    • 1067 Words
    • 5 Pages

    Over two thirds of people under the age of twenty four realize they do not know enough about finances, and are losing money because of it (Norvilitis). The reason young adults lack this knowledge is because schools rarely have financial classes. Even if such classes are offered, students see few reasons to take them, as getting accepted into prestigious colleges may require classes like math and science instead of those. Another problem is the parents, who do not teach their kids enough about finances and how they work. Children rarely seem to have the knowledge growing up about the importance of finances, saving money, and being cautious with spending your money. When it is not taught at school, it becomes the responsibility of the parents to assume that role, a role that many times is not filled. Without the correct knowledge, many children grow up lacking the thought of keeping track of their expenses, paying taxes, and putting money into…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Teenager in the Workforce

    • 434 Words
    • 2 Pages

    I seriously had never looked at it in the way Amitia put it. I think it is good for a teenager to have a job because it helps them appreciate life more. They actually see the worth of items. I never looked at it as it was not teaching a teenager anything. I am still going to stick with my theory though, because teenagers who come from two parents homes and are used to their parents purchasing everything, this teaches the teenager to appreciate their parent’s dollar. I would agree though that the teenager who does not have parents could definitely fall into the category of purchasing things they should not. They will also fall into the category of not saving and will never learn. Some teens will come from…

    • 434 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Adulthood officially begins at the age 18. At this age we can vote, join the military and begin to build (or demolish) our credit. It is a parents responsibility to educate Their children about financial responsibility. This does not always happen however and financial issues begin at 18 and continue on for years. There are 40 year olds who are not as careful about their spending as some 18 year olds are. Disallowing young adults the ability to gain credit through…

    • 715 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Life can sometimes throw your curve balls. As you mature in age you realize there is something more important than others. Financial stability is one major aspect to maintaining a healthy life style. The lack of keeping a budget can lead to major personal problems.…

    • 281 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Growing up in a middle-class family money was always tight. From skipping meals some days to not having the best clothes. Living in a single-parent household taught me a lot. My dad always taught me how to save money and how to spend your money wisely. The way my father handles his money is how I want to handle mines. Even though sometimes we do not get what we want, he always made sure we had what we need. Money was always a struggle that is why I decided to go to college to provide for my family.…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The reason the kids of all ages love money is because if they have their own money instead of always asking their parents, they can buy things they want or need, and this is the second reason why kids should get paid for their grades. Very often kids want to get things, but their parents think they don’t need them. In case of having their own money, kids will get a little independence in making decision what is important and what's not for them. They will have ability to be in charge of their own budget.…

    • 579 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Graduation from high school, post-secondary education, and obtainment of a college degree have all been associat-ed with greater financial knowledge and savings behavior in young adulthood (Cole & Shastry, 2009; Lusardi et al., 2010). Education was positively associated with financial behaviors such as savings, investing (Bertaut & Starr-Mc-…

    • 4257 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    Social Security

    • 785 Words
    • 4 Pages

    I think that many of my friends do not even think much of saving for their…

    • 785 Words
    • 4 Pages
    Good Essays