Next week June 22 – 26th, 2009 I am going to be posting Monday – Friday that week on financial issues pertaining to young people ages sixteen – college senior. Though this series is directly at teens, parents of teens might also find this information helpful. Not a part of that age group? Check back and offer some of your advice and insights in the comments section.
Here’s why I wrote the series:
- We set important financial habits during these ages. Habits that are easier to properly form than to break.
- We tend to think we are young and thus financially invincible. Surely, we cannot spend now what we cannot make later, right?
- Our financial standing requires getting and staying ahead. Debt is the most common hindrance to a good financial plan. Many younger people can stop debt issues before they even begin.
Here are the five topics we will cover in the series:
- Decide you will pay for and save as much for college cost as possible.
- Decide to marry someone who has a clue about money.
- Decide to work at least during the summer if not during the school year.
- Decide to buy a car with cash.
- Decide to rent until you have at least 20% down for your first home.