Young People And Personal Finance

It is very important to notice that the currentstores within campus, customers pay more than
generation of young people is getting more and moreusual for this extra privilege of 'convenience'). There
involved into a lot of things which were eitherremains the day ahead. There's lunch and dinner. The
nonexistent or possible in the past. Besides the usualoverdue rates at the video store. That planned
late night drive-in movie or mid-afternoon soccermovie date the succeeding night. Not to mention the
practice, today's technologically savvy youths canreal responsibilities. Payment for rent electricity,
write a letter, talk to a friend, listen to a playlist ofheating and water bills... not to mention tuition fees.
more than a thousand songs, update a socialAnd nothing but a limp, twisted wad of money
networking personal page, and send a letter ofintended to last for the rest of the week.
application to a favored university, all at the sameIt is but human to succumb to the pressure of
time, and all this while squeezing a stress ball with onespending while there is money to spend it with. Even
hand. It obviously shows that for today's youth, amatured, responsible, emotionally stable adults fall for
whole world of opportunities lies within their reach.it, so why should young people be blamed for it? The
But with opportunity comes correspondingreal problem is the lack of education, both from
responsibility. And, more often than not, there isadults and friends. The spending habits that start
money involved. Now, more than ever, today'searly on in life carry through to adulthood. A teenager
generation of ecoboomers needs to know how towho spends sixty dollars on a fad shirt now may
manage their personal finances, wisely andspend several hundred for another later on in life.
responsibly. That responsibility is emphasized evenThese so called little things tend to stack up and
more for those enrolled in a university.become a huge financial crisis. It is better for young
Take the case of an average college student. Thepeople to learn how money does and does not work
day begins at around midnight with either a late nightas soon as they gain their freedom in college, as
out together with friends with boxes of pizza with asoon as they get their student driver's license, before
lot of six packs, or a full blown house party with beerthey graduate from high school. The earlier, the
kegs and the works. Night wears on, and the nextbetter! Because in the real world of credit cards and
morning reality kicks in with a vengeance. All thosemortgage payments, anyone who does not know
wasted money on beef jerky and nacho chips, nowhow to stretch, squeeze, scrimp and save money for
nothing but crumbs on the filthy floor. There's laundryall its worth ends up in financial trouble, to say the
to do. Papers to finish. Food that was stocked up forleast. And it is very disheartening to splurge all day
the week is gone from the previous night's party.with nothing to answer for it but candy wrappers,
There's a trip to the nearest store to restock. Ifpizza boxes, dirty laundry and old magazines. Young
there is a car involved, there's gas to think aboutpeople should learn more about taking care of
(since there are practically no convenience storepersonal finances, while they are still young and
within reasonable distance from a university; forready.