Saving money while also being a teenager is not easy. The jobs available might not pay very much, and hours are few and far between. So, how can a pre-adult save money before leaving the nest?

Mr. Sima, the Personal Finance teacher here at Prairie has some wonderful advice. Students who take his class feel like it is one of the best classes offered here. “I think Personal Finance is a class that would benefit most students,” Sima states.

Money is important, and learning what to do with it is vital for being a responsible person. Teenagers make a lot of mistakes, or rather, just have no idea what to do when their first paychecks come in.

“I think the biggest mistake teenagers make with their finances is not thinking about their future self,” Sima adds.

It is hard to see the future when it seems so far away. But there is a very large piece of lives that is close to high schoolers. COLLEGE.

If Sima could go back and tell himself a piece of financial advice to his younger self, he would say, “Do everything in your power to cut down the amount of students loans you have to borrow: apply for more grants and scholarships, cut back on unnecessary spending, etc.”

The average student loan debt is $25,000. With a 10-year loan plan, and 6.8% interest, that is $280 a month. Right after college students graduate, and they go into their entry-level jobs, the wages are barely enough to cover living expenses. With the added debt of loans, it is hard for people to survive.

There are so many scholarship opportunities, so find them, and get them turned in on time. There is no chance of regret.

No one wants to regret anything in life, and money is such a big part of our lives. So, now is the time to learn how to be smart about money. If teenagers do not learn now, it will affect them into their adulthood.

Any student who is nervous about finances, or just even becoming an adult, should take Mr. Sima’s Personal Finance class. He opens eyes up to see how to save, invest, budget, and so much more.

Teenagers have a lot of wants. With the newfound cash flow, mistakes can happen easily. By learning early, there is a chance you can stop the spending cycle early.



Written by Emma Kossayian

Pennsylvania born, Iowa grown.

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