Money Menagement and Teenagers

As soon as a person steps into the realm of his teens, he flexes his muscles in order to prepare for a phase of life which is marked by extra liberties and additional immunities, greater indifference towards responsibilities and fulfillment of all aims and objectives.

But then suddenly he crashes head-on with a reality in which the importance of rectangular shaped paper and the portraits of people like Benjamin Franklin, Abraham Lincoln and George Washington increases unprecedentedly. If you have guessed it by now, I am talking about ‘MONEY’. Teenage does not enter alone it is in fact accompanied with a sudden rise in credit card bills in the form of expensive brand shopping, visits to night clubs and partying late night with friends and girlfriends. In case if the question is asked who will pay for all these expenses? A usual response one gets is in the form of shrugged shoulders ‘my dad’

It is not something exceptional that being a teenager makes a person most lethargic towards money handling affairs in life. We simply are not concerned about the ways through which we can actually save money but lost in the midst of the glorious teen age we completely lose control over money saving strategies believing that our parents are there to fulfill all our needs and requirements as it is their prime responsibility.

In a social set up like US where most teens do not live with their parents and unlike other cultural contexts get themselves employed to satisfy their needs start believing that they have turned increasingly independent and thus indulge themselves in all different kind of unhealthy, immoral or sometimes even illicit activities. It is also important to mention here that living alone does not mean that they are completely cut off from their families. Their families are ever ready to provide them any kind of financial assistance if they fall short of money, but the problem still lies that all these steps does not provoke any significance or concern regarding...