Money Essay
Money has become a very crucial aspect of living. It allows us to provide ourselves with the basic needs of life such as food, clothing, shelter, education, and transportation, as well as forcing us to make realistic choices and place priority on our needs before our wants. This, however, does not seem to hold true for the younger generations of today, especially teenagers.
Spending over saving has been a trend on the rise over the last few decades. While many teenagers view saving a portion of their money as very important, the value and benefits of saving on the whole are often overlooked. For this exact reason, the entire concept no longer has a high priority status in this age group. Teenagers get caught up in the urge to have the latest things, go out regularly, and impulsively spend and spend, leaving the amount of money left to save down to a minimum. They enjoy the momentary satisfaction of getting the things they want, when they are sought, instead of investingMoney Essay
Money has become a very crucial aspect of living. It allows us to provide ourselves with the basic needs of life such as food, clothing, shelter, education, and transportation, as well as forcing us to make realistic choices and place priority on our needs before our wants. This, however, does not seem to hold true for the younger generations of today, especially teenagers.
Spending over saving has been a trend on the rise over the last few decades. While many teenagers view saving a portion of their money as very important, the value and benefits of saving on the whole are often overlooked. For this exact reason, the entire concept no longer has a high priority status in this age group. Teenagers get caught up in the urge to have the latest things, go out regularly, and impulsively spend and spend, leaving the amount of money left to save down to a minimum. They enjoy the momentary satisfaction of getting the things they want, when they are sought, instead of investing
You May Also Find These Documents Helpful
-
If you are in a situation that requires legal attention from an experienced and skilled lawyer, Reilly & Reilly PC in Branford, CT, is a trusted firm serving clients in a wide variety of legal areas. With more than three decades of experience, have been in a car accident or are filing for divorce, don’t make the mistake of risking your future by trying to handle legal matters all on your own. An experienced injury attorney or divorce lawyer can provide you with the legal guidance you need to solve even the most difficult situations and achieve a positive outcome. has been serving clients for many decades and are here to provide the legal support and assistance you need. They are prepared to:…
- 354 Words
- 2 Pages
Satisfactory Essays -
The Indian way of life, is all about spirit and faith. Their whole culture is build up about it, and losing the spirit is the same as losing their status in the community.…
- 933 Words
- 4 Pages
Satisfactory Essays -
Such children feel confident that the attachment figure will be available to meet their needs. They use the attachment figure as a safe base to explore the environment and seek the attachment figure in times of distress (Main, & Cassidy, 1988).…
- 248 Words
- 1 Page
Satisfactory Essays -
As Dr. Dean points out, “Television, billboards, newspapers, other people: they’re all screaming at us to get money.”(Dean 2008). This tells us that people will try to get more money because everyone else is apparently doing so. This also points out that everyone is getting pressured to make more money because they want to be a ‘Good Member of Society’. As Dr. Dean points out, “Where are the messages telling us that it’s OK not to go all out for cash money? Barely audible.”(Dean 2008). This shows that lots of messages are encouraging us to get money. That points out we hardly see any messages saying that it is OK to not make much money. Although we get pressured to make money it does not help make us anymore…
- 608 Words
- 3 Pages
Good Essays -
In addition, when teens get their allowance the always spend it they spend it on futile things…
- 260 Words
- 2 Pages
Satisfactory Essays -
The problem with kids is that they are lazy when the need to work. Having there own money can help them under stand that if they want to do stuff they have to earn money for it. They will learn to save spend and what not to buy with there own money. It is there…
- 270 Words
- 2 Pages
Satisfactory Essays -
Currently, we teenagers have money from our parents for tasty food we eat, for fashion clothes we wear and especially, for extremely expensive college education we enjoy. Is there anything wrong with that? Of course not. However, imagine that you lose your house; if you are a single parent; if you are one of 14 million unemployed people; if there is only 1000 dollars in your bank account. How can you survive in this contemporary high-pressure life?…
- 528 Words
- 3 Pages
Good Essays -
Nonetheless, in your article you have declared that teenagers do some foolish things. I truly understand that teenagers makes some thoughtless mistakes and can’t yet think straight however I can assure money takes a huge part in all of the problems the world faces till this very day with the cause of poverty and economically harassed parents who have to work late nights to pay for new school uniforms that eternally need replacing as teenagers mature and hit puberty, without teenagers realizing it can lead them to serious misconceptions and making bad decisions at the heat of the moment.…
- 580 Words
- 3 Pages
Satisfactory Essays -
As a child I did not have to worry about money. There was no need to, all the money I needed was to buy some candy or a favorite movie or CD. Every week I would receive an allowance which was ten dollars that I was allowed to do anything I pleased with. I thought this was a lot of money when I was young. When you're a child there never is a thought of having to save up in order to purchase something you really want. Childhood does come with its great moments but it's not as fun as it sounds. Being a child, you do not obtain all the freedom that you may…
- 413 Words
- 2 Pages
Satisfactory Essays -
Cited: Bellenir, Karen. Cash and credit information for teens : tips for a successful financial life…
- 722 Words
- 3 Pages
Good Essays -
Teens who have their own money, money that they have worked hard for themselves, have a sense of pride because they don’t have to be dependant on their parents for everything they want. They have a little more freedom in regards to what and…
- 756 Words
- 4 Pages
Good Essays -
In recent years, the economic recession has taken a toll in our economy affecting both rich and poor families. High School students are having a difficult time finding a job as well. The oil prices are skyrocketing, home sales plummeting, retail stores falling, driving more teenagers than usual to look for employment. In the past, teenagers had a choice to work part-time or enjoying leisure time while receiving weekly allowances. Since most parents either lost their jobs or received pay-cuts from employers, their teen children are affected as well. In order to recover the necessities they once had, they must find a job. “It is impossible to quantify how many affluent parents have trimmed allowances in recent months…But interviews with dozens teenagers, parents, educators, and employers suggest that many youngsters from well-to-do families seem to have found a new work ethic as the economic crisis that has jeopardized their parents’ jobs and invenstments..”(Foderaro 977). Survey shows that more than two-thirds of teenagers in the United States hold part-time jobs. While teenagers seek employment during this tough market, they will soon contribute to their family, become financially responsible, and as well acquire skills for the future.…
- 1514 Words
- 7 Pages
Better Essays -
Most teens are not financially stable whether you are married, have a baby, or are attending…
- 543 Words
- 3 Pages
Good Essays -
I think that many of my friends do not even think much of saving for their…
- 785 Words
- 4 Pages
Good Essays -
On the other hand, people with low income, saving money seems to be like a challenge. They have make difficult decisions about what they spend money for and how they cut out daily expenses at least wherever possible. To do that,…
- 595 Words
- 3 Pages
Good Essays