ATTENTION PARENTS: Here Are 10 Reasons Why Your Teenagers Need To Stop Spending Money On Themselves NOW!
When you’re a teenager, one of the biggest temptations there is to spend a whole lot of money on oneself, whether it’s on that new outfit or that high-tech phone. Could this be harmful, though?
1. It causes selfishness
Although teenagers believe that they’re fully grown, this isn’t quite true. When you’re a teenager, your personality is developing, and spending money on yourself can shape you into a self-centred adult.
2. It can fuel greed
One thing that most spendthrifts can agree on is that the more you spend, the more your greed grows, which can be dangerous.
3. Spending some money on others leads to happiness
It has been proven by studies that people that spend money on others instead of solely on themselves tend to be more content.
4. Donating money has benefits
Donating money to charity is not only beneficial for people in need, but also greatly increases your sense of self-worth.
5. You may need money later on
If you spend all your money on yourself now, you may find yourself in a pinch when you or a loved one are in need of some money for something important.
6. Learning to manage money is useful
Money management is a handy skill that will benefit you greatly in your professional life if you learn it as a teen.
College is not cheap, and the added expenses of preparing a meal plan can be difficult to manage.
8. Buying a car later
When you’re older, you will need to buy a car to get around. Even very average cars cost a pretty penny, so save up for that ride.
9. Spending less teaches you patience
Many teens want to buy instantly everything they want. If you learn to stop spending on yourself and wait only to buy things when you need them, it will improve your personality for life.
10. Saving money is comforting
Spending less and saving more will help you feel at ease, because you know that you have money in case of an emergency.