Teens earning allowances or working part-time jobs may often be tempted to spend what they make. However, one of the earliest steps they can take on the path to financial literacy and independence is to start saving money early. This useful volume explains how to create a set of practical long-term goals, how to make and follow a budget, the benefits and potential dangers of credit, and much more. Sample budget and interest calculations provide easy-to-follow examples for readers, and tips on what teens can ask a financial expert to help them save and build wealth are also included.oung people who use credit wisely and maintain good credit ratings will find that credit helps build wealth. ... may determine whether or not they can obtain loans, rent an apartment, or have the water and electricity turned on when they do get apartments. ... Prior to the passage of the Credit Card Act of 2009, college students as young as eighteen were besieged with offers from credit card companies.
|Title||:||Smart Strategies for Saving and Building Wealth|
|Publisher||:||The Rosen Publishing Group - 2014-07-15|