Teaching Teens How to Manage Their Money
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by: ChuckRStewart
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Word Count: 544
Many high school students complain that they have friends who are really spoiled. Not just because their families have significantly more means but because they get whatever they want. No matter what the cost, their parents just hand over the plastic without blinking an eye. And, if there is a dispute over an expensive item, these teens throw temper tantrums until their parents give in. No 16-year-old should be allowed to have a $250 purse. Surely Louis Vuitton replica handbags or Balenciaga replica handbags at discount prices will accomplish the same goal. Rather than spending responsibly, girls seem to be more interested in status and competing to get the most expensive clothes in order to impress others.
A lot of energy is spent as girls do everything possible to look wealthy. Many get weekly manicures, have their hair colored and spend hundreds of dollars at day spas. To top it off, they think they shouldn't have to lift a finger to deserve all this pampering. We can blame much of it on society and the entertainment industry, however parents must be good financial role models for their children. If parents always surrounding themselves with extravagant things like designer clothing and expensive cars, then children think they are entitled to have all that stuff as well, whether they can afford it or not. Instead, parents should teach their children the value of a dollar, demonstrate how to shop carefully and guide them toward opportunities to earn their own money.
It can be quite thrilling to find amazing clothes off the clearance racks, especially at the more expensive stores. Anyone can learn how to create their own style on a tight budget. Plenty of brand-name and trendy items may be found at designer label discount stores. Spend money on accessories like shoes and belts instead of buying major pieces. It is absolutely absurd to buy retail when everything ends up on sale eventually.
Parents must teach their children early on to be happy with only what they truly need. Some savvy parents give a monthly allowance that children can spend at their own discretion on things like clothing, cell phones, gas and entertainment. However, once the funds are gone, the kids are on their own. This is a good method of teaching how to manage ones money. Kids will quickly learn ways how to buy more with less. If parents are patient, they can watch them figure out how to have money left over and start a savings account or donate to a charity.
Encouraging teenagers to work part-time will help instill the concept of doing an honest days work. While children are too young to get a real job, they can certainly help with chores around the house or do small errands for neighbors. Parents can illustrate the fact that money doesnt buy happiness. There are certainly plenty of current examples to draw upon in the newspapers and television. come to think of it, it might be most beneficial if children were taught some good old fashioned manners, kindness, respect and humility. We are too self-centered in our society and and as a result, we have done a great disservice to our young people. Its time to end the overindulgence and focus on others instead of ourselves.
About the Author
Chuck R Stewart recently purchased two Louis Vuitton replica handbags for his wife and daughter. They loved the Balenciaga replica handbags he bought them.
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