TOP 5 Money Management Tips for Youth
First you need to get money to manage it, so you need a job, a side hustle or your own business.
Create a budget that shows your income and expenses. This will help you understand where your money is going and allow you to properly allocate funds.
Live within your means and don't spend all your income. Aim to set aside a portion of your income each month to create an emergency fund and work towards your financial goals.
Avoid impulsive purchases that may not be in line with your long-term financial goals. Before you make a purchase, especially a large one, give yourself time to think.
Dont be fooled by your peers and do not show off, show-offs have not made anyone rich, they only take money to show off, which in itself is meaningless. Invest your youth in your financial education, work on your business and increase your income.
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