Posted: Monday, December 20, 2010 1:03:41 AM
Money can change people, control people, create people, and destroy people. The way people use money can determine what their future holds. One can save and invest money for long term purposes, or earn money and use it instantly for certain needs or wants. As a teenager, I don’t necessarily take into consideration how I spend my money and what I spend it on. I feel that I should start keeping track of my money so I grow up with better financial habits.
Although many of my friends and peers have jobs working at stores and local malls, I have not yet received my working papers, so I am unable to get a job and earn my own money. I mainly rely on my parents for money, whether I’m earning money for basic household chores or I’m just borrowing a few dollars for a snack or drink at school. My parents need money too, however, so I often feel bad for taking money from them on the spot. However, I feel that earning money on my own is much more efficient and satisfying. Although I’m not earning income from a job, earning money from my parents still gives me a chance to save my money, which is quite important now that the holidays are approaching.
When December starts to creep up on me, I start to become more cautious with my money. I don’t usually save up money on anything specific, so Christmas time is generally a difficult time for me. It’s hard what to decide to buy for my family and friends while staying within my budget. I don’t earn an enormous amount of money with my usual “allowance”; this sometimes forces me to ask my parents for money, which puts me in troublesome situations with them. At this point, my desire for a job increases desperately. I get by on a daily basis with the money I receive now, but when it comes to situations like the holidays, I start to crave a decent income.
Getting a job and earning a respectable amount of money will help me solve my financial problems. Since I am only fourteen, it won’t be easy for me to find a decent job that will pay the amount of money that will keep me satisfied. But once I do, I’ll start saving it instantly. A portion of my income will immediately be put in the bank. By the time I’m ready to go to college, I hope to have enough money saved up from my jobs and money that my family has given me to pay for my tuition. By that time, I wish to be fully aware of my spending, income, and budget, so I can move on with my life, no longer having to worry about my financial struggles.