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Essay


Question Posted Saturday June 24 2006, 8:58 am

I need some help wit a essay that I have to write, its 250-400 words on how to save money or anything finicially that will help teens. I don't have a clue where to start, can someone please help me.

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MHScutie87 answered Thursday June 29 2006, 9:33 pm:
In my computer class in high school, we had a guest speaker come talk to us about saving money as a teenager. She suggested a few things:
1) putting a dime away everyday, don't touch this jar, and the money will add up fast.
2) Track what you buy one day. Then use that list to see how you can reduce the amount of money you are spending. For example you can say, I didn't really need to buy 3 cd's, just 2 would have been fine.
3) Open up a bank account. The interest gives you money for doing nothing.

Hopefully you can use these tips for your essay, or maybe these tips inspired some tips of your own.

hope this helps- :)

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kristen22 answered Saturday June 24 2006, 1:11 pm:
Wow this might be a hard one. My advice to you, read from letters portraying headlines about spending money or saving money and get your ideas from that. Good Luck. Example:

When I was growing up, my mother often quoted William Shakespeare's "neither a borrower nor a lender be." Wise advice, if you can stick to it.
Nowadays, borrowing to buy a home is considered by even the most conservative financial experts to be a good move, but spending is a big problem, as evidenced by the millions of Americans who are in debt over their heads. Nowadays Shakespeare might be more likely to advise us to "neither a borrower nor a spender be."

It's spending, not low income, that is at the root of most financial problems. Sometimes events beyond our control can propel us into debt, like the loss of a job, the death of a spouse, or large medical bills, but let's face it: for most of us, spending is what gets us into trouble. In fact, I believe that the key to having money is learning not to spend it.

Notice that I didn't say "learning how to spend it," but rather, "learning not to spend it.
The more money most people make, the more they spend. If they get a raise in salary--they buy a newer car, or a bigger home, or a bigger, better whatever. But it's not just the big things they buy, it's all the little things they now feel they can easily afford, and those things add up amazingly quickly.

You may find that over the years, although you're making significantly more money, you're no further ahead, or you still struggle to meet your financial obligations.

The words used in the campaign against drugs also apply to over spending: "Just Say No." One of the keys to resisting the urge to spend money is to have concrete financial goals, things that are important to you. Set a timeframe and a dollar amount for reaching the goal. Then when you're faced with the temptation to splurge, think about the goal you're working towards. Visualize it as clearly as you can. See it. Taste it. Smell it. And just say "no."

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