Jocelyn S. – Cabrillo High School

Young adults may think that saving money isn’t important or it won’t affect them in the future. Their main focus is getting what they want, trying to fit in with others. It may be hard at first but it will be worth every penny in the end. By saving as soon as possible you can get the things you want and more. Money is important, it helps us get food and shelter instead of spending money on things like getting a (fancy car or expensive shoes you may have a lot more opportunities than you think. The more you save the more freedom you will have you don’t have to get the things others have.

Young adults can also remain debt-free by repaying debts strategically because of debt from multiple credit cards, student loans, car loans, or even mortgage loans. They should start paying the card or loan that has the highest interest rate because it can get expensive quicker, then they can focus on the one with the lowest rate so they decrease the amount they owe faster and it can be easier. By using the repay debts strategically method it can help reduce how much interest they are paying faster, instead of trying to pay all the debts at the same time.

Another method young adults can use is, to avoid overdrawing their checking account before they think about buying something that is worth a lot of money. They should look at their checking account and see their current balance. This can help them from spending more than what they have and can help them from overdrawing because if they overdraw they will be charged a fee. This has made me realize how important it is to save money because it can affect me in a good way or bad way.