High School Students and Their Allowance Management

No doubt, Money is an essential, It is the money through which we can purchase all the necessary comforts and amenities of life, If you have money, you can obtain what seems impossible to others. It is the money which gives a man confidence, creditworthiness, credentials, capacity, capabilities and courage. Based on your monetary status you get the prestige, respect and social status, except at some point money can't purchase a true love. Sometimes wealth can be a curse of its owner, and can throw people in arrogance, bankruptcy and dissatisfaction .

Money— sweeter than honey but oh so destructive. It facilitates a man’s life, while a lack of it imprisons him in the streets of penury. It raises his social status, while an absence of it leaves him unnoticed. It gives him an aura of superiority and importance among others, while a deficiency of it makes him worthless in society’s eyes. Considering these two roads, most do not take more than a second to decide to chase riches.

Money plays an important role in everyone’s life, but having money doesn’t mean you can buy happiness or love. A person being wealthy, having all that money can cause fame and popularity, but true happiness can never be obtained. If you have money you can buy any happiness you want. But no one thinks about the opposite side of it. If you don’t have that money, because money is something you get if you’re destined to have it. Money can be a source of limited happiness, but not for lifetime. Money does have value, but you don’t need that to be happy. It’s not necessary to have money to be happy. Sometimes people with money, can be careless, they don’t care about others. They only think about themselves, only about their happiness. This causes

Nowadays, money can make most everything happens. People run after money because they think money can give them better life. It is true that we need money to support our life. However, we need to remember that once we have a good quality of life, we should use our extra money to benefit those who have need instead of keep money in our pocket. We need to remember that God rewards us with succeed is because he wants us to take care of our brothers. In addition, if we pursue over luxury life, we will end up being controlled by money.

Money is a main worry for some people. It is a necessity for anyone who is trying to succeed in life. Many believe that the only way to success is to have a

Money is the life force of all of society. In every aspect, money determines the value of good, services, and even people’s lives. As we breathe air to function, society relies on finances to function. And if society, the unity of humanity, relies on money, than the leaders of society want to limit and control it to withhold their power over humanity. They do this by limiting what can be bought and sold, while also controlling how much different things cost. These limitations allow our leaders to control our money and, through that, our value and influence to society.

Scientists show that the United States is one of the richest countries and that our teens are overpowering their authority. By giving in to your children plan your child is suffering. The parents are teaching their kids to be lazy and that money will fall out of the sky for them. In this hardship there can be no money wasting when the balance of our economy is at hand.

Nearly 80% of teens are currently working 20 plus hours a week just to try and make a minimal living. Most teenagers that go to college end college in $30,000 in student loan debt. No wonder the idea of going to college after high school is becoming an unpopular idea for teenagers who are faced with thousands of dollars of debt after college and their only 21, and trying to make a living while trying to go to college is nearly impossible. Let alone trying to start a life while a life of debt is looming in college student’s futures. Most young people end up not being able to start their life’s because it is simply too expensive. Many students after college end up putting off living on their own, starting a family and end up

Sure, high school students have to pay for mundane things like going to the movies, a football game, or going out for ice cream with friends; but most have never had the responsibility of sustaining themselves. In my case, I will be completely cut off from my parents. I will personally have to pay for all of the expenses that have been taken care of by my parents for the entirety of my life so far. Simple things that most high school teens take for granted will start to catch up with me. Things such as a phone bill, buying my own clothes, paying for gas, and paying for insurance. The first item on my agenda will be to make a budget and practice following it strictly in order to sustain myself with all my new

Teens and some young adults are known for blowing their money on unimportant things. Some student think ahead and start saving up for college, which is when managing money comes into place. Gas, auto insurance, and car payments are often sometimes paid by the students, when their parents actually own the car. For example, I pay for my own gas and insurance every month. I make minimum wage working between twenty and thirty hours a week. I was not expected to pay for all of those expenses, but I did not expect my parents to pay for all of these expenses anyway. I offered to pay for all of my insurance, which takes up a little over half of my paycheck. When I manage my money right and do not spend all of one paycheck on unimportant and unneeded things, I can start saving up the extra money accumulated, which results in me having extra money when I get my next paycheck. My parents did not want me to work, but I wanted to work and prove to everyone around me and myself that I was ready to take a step in being more independent with my own money and that I did not need them paying for everything I wanted/needed. Managing money is not hard, it just takes making the right decision of whether or not what is wanted is worth the money. As students learn to manage their time and money, they become more self-dependent and mature.

As parents, the education of our children is one of our most important goals. Education not only teaches children how to earn a living one day, but also how to get about in society. Unfortunately, there’s one gaping learning hole in that education process: money. Very little of the time that kids spend in school - at any level - will teach them how to deal with money. The bottom line is that if you don’t teach your kids about money, no one will.

In recent years, a college degree has become a necessity for obtaining a job that pays a fair livable wage that can help support a family. The cost of such education is at an all-time high, with tuition costs ranging up to the tens of thousands per year. These enormous costs associated with acquiring a college degree can put a person in hundreds of thousands of dollars in debt, but there is a way to try to prevent this heavy debt accumulation. Parents need to consider college as soon as possible. If a parent uses the eighteen plus years from birth to high school graduation, then it is possible to save enough money to entirely cover your child’s choice for education. There are a multitude of different ways that saving for education can be done. Methods for saving include, but are not limited to: 529 plans, UGMA and UTMA accounts, and opening an IRA. All

Although the reliance on student loans continues to increase for college students across the nation, the vast majority of American teenagers are not required to attend and complete a Financial Literacy course before graduating high school. According to Jillian Berman, only five states scored an A on the 2015 Report Card on State Efforts to Improve Financial Literacy in High Schools, and those same five states are the only states in the country that require students to take a dedicated semester of personal finance courses before graduating (Marketwatch.com). There is an obvious problem with the state efforts to properly educate finances when 14 out of 50 states rank in at a failing grade. Money is an essential asset to life on Earth, and proper education on financial management is vital for the basic requirements to sustain life. Education on how to manage money in order to afford food, shelter, clothing should be the main priority of the Financial Literacy courses. More in-depth are topics

How to properly manage money is something that should be taught to young people because it is a very important asset in everyday life. “Total consumer debt in the United States stands at nearly $2.6 trillion dollars. That works out to be nearly $8,500 in debt for every man” (Anderson). Many times teenagers are known for “throwing away” their money by spending it on unnecessary things. This is something that could easily be avoided if students were taught the proper techniques on saving and spending money. There are many different skills that students could learn if personal finance was taught in the school system. Managing money is one of those very important skills and would help to lessen the number of young people spending irresponsibly instead of

This essay is going to address what money means and its relation to inequality in society.