Money has become the biggest influencer in many young
people’s lives and it is inspiring to see them work very hard to improve their
financial status. Youth has dedicated most of their time to making or getting
money of which a majority of the money they attain helps them establish
themselves ensuring they are unaffected by poverty and unemployment. Despite the
vast amounts of young people establishing themselves financially, they are
still faced by many issues of which a major issue is money management.The
constant effect of fitting into a youthful lifestyle damages them financially
and they only notice after they have fallen back in to the ruins of
unemployment and poverty. Financially able youth usually find themselves living
a lifestyle that is difficult to maintain and is also unnecessary. Read
More
This lifestyle includes:
v
Impressing
friends materially
v
Living
in unaffordable establishments
v
Peer
Pressure
v
Expensive
fashion
v
Partying
inappropriately
There is no harm in
enjoying your hard earned money but there is no reason to destroy a
well-established future. Young people may not realize how peer pressure causes
them to waste money, distracting them from increasing their wealth and
improving their communities and the country as a whole. So much time and money
is wasted by youth competing with modern society diverting their focus from
building themselves or even investing in positive things.
Positive financial lifestyle
includes
v
Becoming
entrepreneurs
v
Acquiring
skills
v
Educating
themselves more
v
Investing
in assets
v
Becoming
socially responsible
v
Looking
for ways to improve their wealth
Money Management Tips
This provides
you with the tools you need to develop a budget that reduces your debt, enables
you to save money, and puts you in control of your personal finances. You don't
need to be a financial wizard to control your personal finances. Just a little
common sense and a few money management tips can enable you to live within your
means as you increase your wealth. Read More
Nobody wants to be told how to spend money
but the question is are we doing it right?
we are all faced with this isue no matter how small or large our earnings are. i think the difference begins with ourselves
ReplyDeleteWell it is by no doubt to me that many South Africans especially the youth dont know how to use money wise, hence there was this show on SABC 1 where they tried to get people out of depth. If we could all start to stop living our lives to impress others then things will be better.
ReplyDeleteMany people dont know how to use money and your blog is very tastic Michell, people actually get to know how to use money
ReplyDeleteI think is not about knowing or not knowing how to use money, the problem we have is that OUR HEARTS ARE GIVEN TO TRADE- the litle we have is spend unwisely.
ReplyDeleteI like the point were you say "There is no harm in enjoying your hard earned money but there is no reason to destroy a well-established future". As young people we tend to forget that in order to have money you have to work hard.
ReplyDelete