For most of us, growing up wasn’t exactly easy, but it wasn’t hard ether. We may have never got all that we wanted but we did get all that we needed. This is especially true when it comes to money matters and financial issues. But there are some financial lessons that we all needed to have learned in high school to help us in the future. If you were lucky enough to learn these lessons, good for you. But for those of you who didn’t and are still in high school, let us run them down for you.
Crucial Financial Lessons For Teenagers and Young Adults
Credit Cards and Interest Rates
Admit it, growing up we all knew what a credit card because was because we all saw people pull them out from time to time. But most of us had no idea how this whole credit thing worked. Only to come face to face with it when we have our first job. And one moment you are loaded and the next you are broke again. Wondering what happened to all that money because you only bought a few things? Did you know you can also bet now on anything using a credit card? Well, that’s a good solution for gamblers out there.
That being said, a few things that we need to teach teens about credit include paying back every dollar that you charge. Credit card interest rates as well as how the interest rate can greatly affect your monthly bill.
Budgeting Basics
This is one thing that definitely needs to be taught at a young age. Because there are many adults who fail to budget their funds. Creating a budget is as easy as eating a pie, it’s the sticking to the budget that’s a stress.
Therefore, from an early age we need to train ourselves on how to create and budget our weekly allowance. And by the time you earn your first million bucks, you will be a pro. Such that you even know to put to money aside for your leisurely activities like sport betting online from well trusted betting companies that have been around for years.