Importance Of How To Save Money Savings Essay
Trying to save money when you’re a teenager or young adult isn’t the easiest thing to do, otherwise, the world as we know it would be a different place. What makes saving at a young age so difficult? First, there are countless things you want to buy (like clothes and shoes) and lots of friends encouraging you to buy them. Another reason millennials might have a hard time saving is due to their income-to-spending ratio. In other words, they’re spending more than what they make, or get as an allowance and as a result, these circumstances prevent them from saving money. It doesn’t always have to be that way though, right? Of course, not, there are plenty of money-saving tips for millennials that can change their financial situation. Financial …show more content…
Why? Well, because it provides individuals with a chance to kick back, relax, and enjoy the finer things in life after years of working; and if there’s anyone who has knowledge about retirement, it’s your grandparents. If you think saving money is tough now, just imagine trying to save when you’re older on a fixed income. With that in mind, begin saving for retirement as soon as you start working. That’s the only way to ensure that things work out in your favor 40 or 50 years from now. The more you save, the more you’ll have when you retire and the less you’ll have to …show more content…
If you haven’t, your grandparents have. This phrase simply means just because you make enough money to purchase something, doesn’t mean you should. The Millennial generation, in particular, has the potential to make a lot of money, but just how much effort is being put into saving? Research shows that 63 percent of millennials are, in fact, saving their money and putting it away. On the contrary, 75 percent of those surveyed in the same study said that they believed their generation has fallen victim to some of the financial stereotypes placed upon them as they continue to overspend on unnecessary
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Argumentative Essay: Should College Students Pay For College?
1457 Words | 6 PagesThe older generations got taught how to save money and how to live a college life that would make them get through college with a little less debt. Now if we give them free college they won’t know how debts work and how to coop with them. College debt can teach the younger generation how to save their money and spend it wisely instead of just spending it on the newest video game console that just came out etc. To bring this to a personal level my parents told me once I got a job that I need to start saving most of the money I earned for college since they didn’t want me to have as much debt as they did coming out of college (they are still paying it today). If they didn’t tell me that I might have just went off and spent it all on objects that I didn’t need and also now I know to save money even after college for things like a new car or house once I get to that stage in my life.
Should Financial Literacy Be Taught In Schools Essay
460 Words | 2 PagesFinancial fears have grown increasingly common in our society. It seems that the pile of bills on the kitchen table continues to grow as the money in our wallets continues to shrink. Everyday there are those who are unable to sleep because the fear of not being able to make ends meet gnaws at them. Research shows that financial fears have become some of the most prominent fears in America. But why is this the case?
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