Young Adults Do Not Know How to Manage Their Money Essay

1048 Words Jan 24th, 2011 5 Pages
Young Adults Do Not Know How to Manage Their Money
I have noticed that nowadays, many young adults do not know how to manage their money. Young adults don’t understand how to save and cherish money. They just say that it’s their money, they earned it, and they can do whatever they want with it. Which is true, but they just party their money away in a glance, and there is no use in that. I think that when young adults don’t know how to manage their money, they fall behind in life, and fall into debt along the way. I believe that if young adults would cherish their money more, and save it for the future;
they would be much more successful in life. There are many examples that can prove my point.
My four brothers and many of their friends
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Miley Cyrus and Lindsay Lohan fit right into this category. As we all know, these two young ladies make millions of dollars, but do not know how to manage it. For example, Miley Cyrus spends so much money on clothes, that her father has given her a weekly allowance of two hundred dollars. She wastes so much of her money on things that don’t last. Miley also spent such a huge amount on her sixteenth birthday; it was such a ridiculously big amount, that her father had taken her credit card away from her for six months. She also spends twenty four grand monthly on her hair extensions. Instead of her getting herself a normal priced car, she got herself a car for seventy five thousand dollars. This young celebrity does not cherish money at all. Lindsay Lohan on the other hand, spends all her money on drugs, alcohol, and jail. She is often arrested for drinking and driving. Lindsay has been to jail countless times, for her irresponsible behavior. She gives most of her money away for lawyers, jail bailouts, tickets, and rehabilitation. These two young celebrities are very irresponsible with their money, and they sure do not know how to manage it properly. Instead of wasting it on pointless things, they could have put it to good use. They could have spent it on good things, such as; give to charity, help poor people out, and do good deeds to the world.
There are many college students that I know, are…