You’re a teenager, and you may have a part-time job, be saving for college or that first car, or just trying to figure out how a bank works. If you’re a high school student, take a look at these tips that will help you be money smart.
Jump$tart’s 12 Principles of Money:
1. Money doubles by the “Rule of 72.
2. Your credit past is your credit future.
3. Start saving young.
4. Stay insured.
5. Budget your money.
6. Don’t borrow what you can’t repay.
7. Map your financial future.
8. Don’t expect something for nothing.
9. High returns equal high risks.
10. Know your take home pay.
11. Compare interest rates.
12. Pay yourself first.
http://www.jumpstart.org/assets/files/2010_J$_Calendar.pdf
Resources to be a Money Smart High School Student
- Financial Games from Visa – http://www.practicalmoneyskills.com/games/trainingcamp/
- 360 Degrees of Financial Literacy – http://www,360financialliteracy.org/Life-Stages/Tweens-Teens
- Jump$tart’s Reality Check – http://www.jumpstart.org/reality-check.html
