Lory V. – Gilbert High School

Keep Your Money.

Saving money is hard. No matter how good you are at it, there’s always times when you see something you really want, almost need and you just have to get it. You have to be very strong willed to save so much money. Although some people can save, most people find it extremely difficult. After all, money is made to spend.

Do not sweat it, there are ways to manage your money and makes it easier to so that eventually, you can spend your money at the right time and at the right place. Many people hear about these budget using apps and think they’re either silly or pointless. I beg to differ, budgeting apps are actually extremely helpful! Many schools use websites or apps that allow their students to check their grades, percentages, and missing assignments. This helps them a lot because when they can view how well they are doing in a class they tend to keep it up. Or vice versa, if they are doing not so well in a class and have a low grade they usually tend to raise it up. It’s sort of like an alert. This can be true with budgeting apps too. These apps allow you to track how much you spend and what you spend on.

Tracking how much you’ve spent can either make you feel calm to know you use your money wisely, or it can make you realize that your spending is all over the place and is hurting your wallet. Maybe sometimes we don’t realize how much we spend every month on certain things, so if we don’t see it, it’s not a big deal. Budgeting apps allows us to see and really realize how much money we spend on unnecessary things.

This is a good thing because it can open our eyes and help us develop better spending habits. Money is very important, but then again so is your credit. You need credit for anything just as much as you need money. It is a good thing to establish your credit and check your credit score frequently. Establishing your credit can get you out of a lot of trouble! It’s also a very smart thing to do.

Without establishing your credit, it’s almost impossible to to buy anything. Without a credit score, you can not purchase a home, lease a new car, rent an apartment, or even buy new furniture. Credit is a very important thing and if you don’t have it or take care of it, you won’t be able to do even the simplest of things. It can potentially even hurt someone else’s credit, as well. When you establish your credit, you must do it very carefully and always take care of it. Credit cards can be very dangerous when not used correctly. Young people tend to think of it as free money but when you have established your credit, you should continuously pay off what you owe and always pay your bills on time. Then, you will have established good credit and it makes things for your future so much easier.

It’s always a good thing to be financially smart and stable. It can definitely pay off in the future. Once you are financially stable and your credit and your money are in a good place, you should set long term financial goals for yourself and possibly your family, as well. Saving is a very smart thing to do, especially when you are young. Young people don’t think it’s important to save because they don’t have many responsibilities and want to spend money on themselves and whatever they want. They don’t think of what they might want in a few years. Some may think saving money is a waste, it’s made to be spent and not under a mattress or in a bank account. At the moment, it may feel like a waste of not only money but time too. Let me tell you, it’s not. In a few years you may want to travel, purchase a home, or retire early. All of those are great things to think about while you are young because in the long run, it will be worth it. Just a few years of saving up some cash, and you’ll be living your dream.