For this topic, I worked with Noah, Mike, and Kaitlin. We chose this topic because money is very important in our daily lives and we wanted to further research how money affects us each and every day.
How much money do you spend on something you think you “need? Teen spending is becoming what some parents would say “out of control”. Parents a becoming like ATM machines. As soon as their kids need something they spit the money out without a single question. That causes their kids to dependent on their parents. They have no morals and learn nothing about money management because they don’t work for their own money they just take it from their parents. By having young adults earn their own money, rather than having everything handed to them, they have the opportunity to learn the difference of needs, wants and traditional values. “The good news for teens today is there are a wide range of ways to make money – that weren’t around when I was a teenager. Most of them require a good work ethic, but there are a lot of new opportunities available.” ( ChristianPersonalFinance)
Some issues with money are wasting it when you need other things, being too young to have a well-paying job, not finding a job to make money. Most conflicts that occur are over money. Not having enough money to buy what you need or want. Kids like having entertainment, going to movies, concerts, sporting events, being socially involved, having modern clothing and much more. Everyone says money doesn’t buy happiness. Most humans would disagree with that statement. “If you want to feel rich, just count the things you have that money can’t buy” ( ThinkExist.com). Another conflict would be money tearing apart relationships. Our world is divided into social class which establishes a burden.
These issues can give different vibes to different people. These issues make young adults rely on others for instance, parents giving them what they ask for instead of taking it on themselves to work for what they want or need. All money is, is paper that divides and tears apart our communities. A suggested solution is really hard to find. If you realize the difference between wants and needs, you will be just fine managing money. Teaching your teen about money management isn’t an easy proposition. “Between the hulking advertising industry dying to get its hands on your teen’s disposable income and peer pressure to buy the “right” brands, parents can feel they are fighting an uphill battle when they talk about saving and moderation.” (TheFool.com)
Kids aren’t taught how to value the extra things in life. Things like going to a movie or going out to eat. To get young adults to respect the value of money the need to be exposed to a real life situation where someone can’t afford what they want much less being able to get the things they need. They don’t even think about all the things they want like iPods or going to a movie. They are just focused on being able to get food for their next meal. Seeing that there are people that can’t buy everything they want should be a wakeup call that teen that do get to have the extra in their life need to value money. You can get involved in a charities, other volunteer work that can make you feel good and also make the people you are helping feel important. Try to make someone else smile besides meeting your own expectations.
Make sure you can look back on your life and say that you made wise choices and you lived your life to the fullest. Having friends, family, support are worth much more than a new car or mansion. People can be successful with little money, but not without any.
This picture is all about teaching teens about money. The graph represents what teens most likely spend their money on. We included a list of teen jobs and ways to teach teens about money and values. The money sign and money bag in the middle have logos and special things teens spend money on and the bag is crushing the earth. This represents our arguement that money is important to us. Then we included a quote, also representing our arguements. The picture at the top is of parrents on one side of the broken heart and a teen on the other. Sometimes teens forget about morals and values and hurt relationships.
Articles, By Elizabeth Brokamp | More. “Give Your Teens Money Sense.” Fool.com:
Stock Investing Advice | Stock Research. Web. 29 Nov. 2011. <http://www.fool.com/personal-finance/general/2006/09/16/give-your-teens-money-sense.aspx>.
“Money Quotes.” Find the Famous Quotes You Need, ThinkExist.com Quotations. ThinExist.com. Web. 28 Nov. 2011. <http://ThinkExist.com>.
“Money Quotes.” Find the Famous Quotes You Need, ThinkExist.com Quotations.
ThinExist.com. Web. 28 Nov. 2011. <http://ThinkExist.com>.