Teens do not learn proper money management skills in school.  Parents teach them as best as they can, but they're teaching teens about money based on what they were taught.  Teens, who desire financial freedom when they reach adulthood, pay close attention to the words written on this page!

Being a money manager now will help you in the future.  Most teens begin working when they're 16 years old.  When you receive your paycheck, pay yourself (10%) first.  Put the balance into different areas such as play, education, giving, financial freedom, and long-term savings spending.  Your parents take care of your necessities, but you could have a jar for necessities such as food, school supplies, and clothes.  This way you can buy what you want.

Why is Money Management Important

How well off are you and your family?  How well do your parents manage money?  Have you ever witnessed your parents stress out about money?  Your parents were taught to get a J.O.B. (job over broke) and pay the bills; they were never taught to be successful.  There's nothing wrong with working for a corporation or small to medium sized business, if you're passionate about your work.  Those who do not find passion in their work will go through the motions and be a slave to the system.  This is no way to live!

Money Management Tip:  It's a good idea to pay for cash for items such as food, travel expenses (unless for business), clothing, gas, and entertainment.  These items do not give you a ROI (return on your investment). 

Learning money management skills as a teen will save you headaches in your adult life. You will not be worried about paying the bills like your parents are.  The money will be in your savings and checking account.  All you'll have to do is click a button to transfer funds -- it's that simple!

The Art of Money Management

Unfortunately, teens are not taught proper money management in school.  In the USA, we have yet to incorporate solid money management programs in our school system.  If your goal is to be rich, you'll be in for a rude awakening. What will you do with your money?  What is your BIG WHY for wanting to earn lots of money?  How would it change your life?  How would it change the life of others?  Start thinking about this now so you'll be prepared for the future.

Teens may think that learning about money management is dull and boring.  Be that as it may, it will behoove you to learn about money right now.  Learn about the world of investments, think about your passion (art, science, environment, social service, etc...) and how you can turn it into a money-making endeavor, learn about passive income, investigate money making opportunities such as real estate investment and network marketing opportunities, and learn to surround yourself with like-minded people who have your highest good in mind.

Learning money management skills in your teens will benefit you in your adult years.  You'll sleep sound at night rather than toss and turn worrying about how you'll pay the rent or mortgage.  You'll be able to donate to your favorite causes with ease.  And, you'll have a healthy nest egg for your retirement.

Money management gives you peace of mind and allows you to do what you want to do.  You'll be able to volunteer and give back to the community.  You could start a not-for-profit or hold a fund raiser for a cause that is close to your heart.  Money will allow you to help others in ways that you can't imagine.  Saying that you "want to help others" is an overused phrase.  However, you'll be able to do some good in the world if you learn the art of money management today.  Society needs you!