Personal Finance of a Smart Teenager:

Personal Finance of a Smart Teenager:

                Teenage is the most energetic and valuable time period of our life. That’s the period at which a person is confident, enthusiastic and willing about changes in his life. The Teenagers life is full of changes they want to achieve everything which they want. They have the courage and willpower to achieve their all wants and wishes. But the resources they available some time make hurdles for them to achieve their goals and targets.

At the age period of 12 to 22 or in some areas 24 years they are mostly jobless and under the guardianship of their parents or their legal elders which can be their family relatives or some government legal authorities as per their local government and social customs. That’s the reason at the edge of this age the face many problems which are mostly related to their education, living, food and professions. They need more capital to survive.

Here are some valuable words which can help-out them in their teenage period and also help them to build their life own personal brand to achieve he financial and non-financial goals and targets. These tips or advice are as follows.

1.       Allocation of Pocket Money:

At age of 12-22 years mostly teenagers they running their expanses through pocket money which they get form their parents or from their other legal sources. That Pocket money is not that much to complete their all expenses. That’s the reason they need a proper figured amount which can easily cover their all or mostly expenses. They can ask to their parents for that sum of amount. This amount helps them to run their daily expenses and manage and plan their life small goals and targets.

2.       Working in specific paid Projects :

They can earn some amount of money through providing the services in some specific good paid business or economical projects to overcome their expenses and their life  survival costs.

3.       Spending Habits:

They need a good company which can helps them in the age of teenage to make their spending habit. If they keep the bad spending habits and involved in alcoholic, drugging social gatherings that’s destroy their life socially and economically. That’s the reason they need good habits to make their life economically very sound and smart.

4.       Bank Account:

At the edge of teenage they need their own bank account through which they can make their own personal finance and to keep their valuable cash deposit safe there.

5.       Part time Jobs:

They need part time jobs to earn for their education and to earn for their social life expenditures.

6.       Saving habits:

They need to make their own savings on routine basis. Some teenagers always keep a small record of all their savings and expenditures. That’s help out them to know their actual income and actual expenditures in their present life.

That also keep inform them about their actual net worth. With the help of savings they can get some amount for their future life investment.

7.       Investing Behavior:

That’s the most effective behavior of their life which can make them more smart and more responsible. The mostly business world leaders life study show us that. These leaders has investing and risk taking behavior form their childhood or teenage and with experience they polished their skills and with the use of smart skills they achieve that reward and became the owners of their business empires.

These are the some of the key tips which are very valuable to every teenager and helps them to make their personal finance very economic and good in this period of age. That is a age where we learn the basics of life. If a person workout on the above written points. He/She can achieve more for the whole life through it.