How bad do you want to be successful?
Maybe you want to become a doctor, a lawyer, or maybe an IT Technician.
Dreams do come true with the perfect financial skills and knowledge to back them up.
If you want to venture into the world of business or academia, but you have no financial muscle to finance it then pay attention, THIS is for YOU!
To be financially literate means to understand and have the knowledge of using various financial management skills – in this case, to secure your bright future.
Financial education is not offered in our traditional education system.
This suggests that there is a great need to educate teenagers on the subject so they grow to be responsible adults who have less debt and have a healthy financial life.
A lot of tertiary students drop out after their first year of college or varsity due to financial exclusion, a lack of funds for food and study materials.
As a teenager, it is important that you learn how to use money so you can have a less stressful transition from basic education to tertiary education.
This will also help you make financially sound decisions.
The first step to pursuing a well-financed dream is to save money and approach your institution of choice for a quotation of the full costs of the program.
Full costs of the program include registration fees, book costs, resident fees, and any extra resources needed for successful participation in the program.
When you have a budget it is easier to manage expenses and keep track of your spending habits.
A budget also helps you avoid reckless spending, overspending, and underspending during the course of your academic life.
Saving money also means having money for those “rainy days” and any unforeseen financial challenges that may arise in your journey.
This will make your academic life incredibly lighter with no worry of financial exclusion or going hungry mid-month.
The benefit of learning about financial literacy is that when you are older you will also apply these basic skills into your financials.
Educating yourself about money is not just for purpose of making your academic life easier.
A lot of teenagers struggle with sticking to their budget because there are so many attractive things, the latest in fashion video games, etc but we are going to guide you on how to stick to your budget successfully.
The best ways to stick to your budget include
1. Having a monthly budget
2. Weighing your income and expenses against each other
3. Keeping an eye on your spending
4. Setting a weekly limit to your spending
5. Always, always have a shopping list
6. Only buy what you need
7. Cut down on eating out
8. Do not make big purchases if it is not a need or urgent
9. Cut down on entertainment and internet subscriptions
10. Stick to a lower credit card limit at all times.
Do the right thing and invest in a stress-free future for yourself.
Join our exceptional teen leadership foundation today and learn how to create the life you want early so you enjoy the freedom of doing the things you love.
Join our teen financial literacy coaching program today, click here to get started (with the supervision of your parents of course)
