I announced HERE that I am in the process of writing my next book. It will be a book that is addressed to high school students, and I am sharing 12 Things I Wish I Had Learned About Money Before I Hit The Real World.
That is not necessarily the title, and it might end up being 10 things or 15 things. All I know is that I want (and need) your help in writing this book!
For the next few days, I am going to ask you to take a couple minutes of your time and share some things you wish you would have learned about specific money topics.
Planning Your Spending
Here is the question that I want to hear your thoughts on today:
What do you wish you would have known about planning your spending by the time you graduated high school?
Share your stories in the comment section!
NEED YOUR HELP - Writing A High School Money Book - Part 2
May 21st, 2009 at 08:45 pm
May 21st, 2009 at 08:50 pm 1242939046
May 21st, 2009 at 10:44 pm 1242945892
I wish someone had talked about planning our savings not just our spending. Maybe in planning their "spending" kids need to think about savings as a "bill" so that as they spend their paychecks, something is going to savings.
I also think it is too easy for students to get credit cards, or at least is used to be. Students need to have a plan for paying off anything purchased on a credit card or, better yet, avoid using CCs altogether. Don't spend money on an item unless you already have the money saved. A car might be the exception, but they need to take into account all aspects of auto ownership: payment, insurance, gas, maintenance, etc. What does it really cost to drive a car?
May 21st, 2009 at 10:53 pm 1242946384
May 22nd, 2009 at 03:23 am 1242962587
June 3rd, 2009 at 09:27 pm 1244064471
Compounded interest! That is one VERY important lesson.