It’s not a big secret that most entry level jobs, like the ones you get as a student or recent graduate, don’t pay well. And if you’re just starting out, you probably have more bills than you’re used to, things like rent, tuition or student loans. Plus food, gas, and all the extra things like dates and nights spent out with friends, the newest gadgets and trends… The list goes on.
And it can be really difficult to balance all of this — especially when you don’t make very much money. But being responsible with the little cash you do have can save yourself the pain of being buried in debt. Because it’s a lot easier to prevent overspending than to get out from under it.
The little things you do can add up to big savings. Budgets can sound intimidating and restrictive. That’s why we prefer “spending plan”, because really it’s like a checklist for your paycheck. Spending plans are really a way for you...
Whether its the local ice cream shop or a popular retail store, a first job is an exciting experience that brings with it new kinds of responsibility and freedom. It is also the perfect opportunity to start teaching yout child about managing money, regardless as to what their paychek may look like or what their expenses are (if they have any).
We’ve put together three financial tips to teach your child about to get them to start thinking about their money and how they manager it. The younger they learn about financial responsibility and money management, the smarter they’ll be when it comes to more serious financial decisions down the line.
Most banks offer great incentives to teens when they open their first bank account. Some banks will offer a bonus for opening a checking account and most banks waive monthly maintenance fees and don’t require a deposit minimum.
After opening a bank account, see if your child’s...