Coin Jar

The Summer youth are pretty pleased about getting their first paycheck recently. The check was for about two days pay. This should give us all motivation to keep working hard. With each payday, the youth employees will understand how nice it feels to earn a reward or compensation for the work they do. But, with that, everyone needs to be aware of the importance of not spending it all as quickly as it comes. So, spend your money wisely and keep note that the money comes from the work you display on the job.

Many people find that the more money you have, the more they are tempted to spend. Being a teenager, it’s easy to spend and spend when there is a good amount to take from, but that doesn’t necessarily mean it is a good idea to go that far. There are still lessons that we as teens and young adults have to learn about proper spending. You would be in a much better position if you have money saved to always fall back on. There are plenty of other tips and techniques on how to spend your pay wisely because people know how important it is and how smart it is to be careful and save your money. As Summer Youth employees, we are on the pathway to the real business world. So, practicing good spending habits now will help a lot in how we handle our money in the future.

TIPS TO HIGHLIGHT:

  • Remember to save – don’t spend it all in one day
  • Be aware of how much you have
  • It may be a good idea to keep your receipts from what you spend (especially if using debit cards)
  • When going to an ATM, be aware of your surroundings, of how much it is charging you, and choose an easy PIN number for only you to remember
  • It is smart to have a little bit of cash on you always just in case, so if you know you’re down to your last bit, save it. More money will come on your next paycheck!

–Lesley Thomas

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