You have goals. Big ones, most likely! But an overwhelming number of young people - 83% - admit they don’t know much about managing money.1 And only 38% of young people say they are currently putting money aside to spend later.2 If you’re like most teens, your goals are a combination of short-term wants, like having some cash for a movie, and long-term desires, like saving for college or buying a car.
So here’s the real question: What do you want and what’s your plan for getting there?
First, stop thinking of money in two buckets - spending and saving. It’s really all spending. The difference is whether you’re planning to spend now or spend later.
Create a spending plan that will help you meet your goals. Keep track of your progress and don’t be afraid to make changes if something isn’t working.