Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Spending habits introduction
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Spending habits introduction
Everyone would have something that they want to get once in their life. However, are those items that teenagers always wanted necessary? I believe not. In modern time, many people would get absorbed by the additive advertisements and would be convinced to buy something that they do not even need. Nevertheless, it is good to have something that is unnecessary at some point for teens to relax or fit into their peers. As a result, the appropriate balance for what teens should buy is needed. Ways to balance the wants and needs are to learn the efficient way to spend money, the amount of items that they should get, and the ability to fix or reuse items until they are no longer functional. Spending money is easy, but spending money efficiently is …show more content…
According to the article “Start with Toddles: Share, Save and Spend”, the author’s company “uses a three-jar system: share, save and ‘spend smart’ jars” (Lanza). I believe that the three-jar system is very useful for potential teenagers to use money wisely. The share jar can help children build a good habit of helping others. The saving jar can teach the importance of saving money for future usage. Lastly, the “spend smart” jar can teach children to spend money efficiently, which had been balanced between wants and needs because they would think deeply by the word “spend smart”. For example, when children received a total of ten dollar allowance from their parents, five dollars are required from the parents to put in the save jar. Then, the other five dollars can let the children make …show more content…
In the video “Worn Wear”, people are using the clothing efficiently and passing it to their next generation. The old surfer man even fixed the surf shorts multiple times in order to keep it functional (Worn Wear). Clothing is another important category that teenagers spend most of their money on. They want to impress their peers by wearing something unique or to keep up with the trends. However, this results in teenagers buying many expensive clothing that they may not even wear for over a year. After watching the video “Worn Wear”, I believe that it will be very helpful to use items until they are no longer usable or fixable. Being able to fix or reuse can not only eliminate the amount of money that teens spend on their wants, but also to be able to put more budget on their needs. Back to the example of clothing, there are many different ways to reuse or renew them so that it can keep up with the fashion trend, such as cutting some parts out, adding new things in, or simply wear it in a different way. Nevertheless, there is always some clothing that teens really want that they cannot make by themselves, but if teens can eliminate the amount of money that they spend on their wants, they are able to buy their wants once in a while and put more balance of their budget in their needs at the same time. I believe that this idea can help all teens save money and balance their wants and
...teens can shop elsewhere ‘In every school there are the cool and popular kids, and then there are the not so cool kids,’ he says” (Denizet-Luis, 369). So if your different then there target audience you don’t belong in the group which would consider you a type of slacker.
“Proper society did not think about making money, only about spending it.”, said Barbara W. Tuchman. This quote shows our real world, and the people that spend money, but they forget about the value of money. Nowadays people want more that they have. They forget how many things they have, and how much money they spend. Most people when they see other people having something better, and in that moment they want to have it also. Also, people forget how hard they got that money, but how easily and quickly they spend it. In the article “The treadmill of consumption” by Roberts, he says that people are willing to go into debt to buy certain products and brands. That is right that people can do crazy things to buy certain goods.
Humanity is an intriguing race indeed in the world. We can be careless when we purchase things. We tend to buy things with no awareness of the insane, expensive prices and end up purchasing things to fulfill our desires in fancy malls and stores. Anyways, there are many situations that of course happen within society today with unnecessary purchases.
Teens and money don’t really get along with each other, nearly Three-quarters are spending the
...tly a problem among teens and teens are our future. Our society is hurt economically because
Evidence: According to the consulting firm, Packaged Facts, teenagers between the ages 12-17 in The U.S. have spent more than $200 billion in products (2011).
Instant gratification or easy access to almost everything is necessary, to have the right clothes and the right shoes, but usually they have no money to buy it with. This is where credit cards come into play, and where many individuals see credit cards as free money. They assume that they can buy it now, and of course, pay it later assuring themselves and their family that they will have the money. This comes down to responsibility; can college students handle budgeting their money? According to a study conducted by a Midwestern University shows approximately 66% of college students did in fact own at least one credit card. Some students can handle it and some can’t, it all depends on what priorities that person has. If buying a hamburger or new video game and not thinking about it is more important than paying that purchase off and establishing credit than those priorities are not good. Credit cards are just another factor in growing up. It 's learning what boundaries you have and what responsibilities are
Today's young people are generally unresponsive to traditional brand marketing messages. Teens spent $12 billion dollars last year according to a recent study of Teen Marketing Trends. Teens not only use their money on small purchases such as music, clothes and food but also have the power to influence high-end purchases of their parents. Every year younger teens are being marketed because that they are the future teenagers and brand loyalty is an important thing to many companies. If you can get an older child hooked on a product, they’ll generally love it for life. These younger age demographics are being marketed to because more and more kids have increasing spending power and authority over what is purchased in their household.
Advertisements are found everywhere in today’s world. They have a big impact on what the consumer buys. Commercials are often aimed towards children and teens because they will ask their parents to buy the product. Another reason teens are targeted by advertisers is because they have money to spend and are willing to buy unnecessary products, especially if it is the latest and greatest. Teens feel that they need the newest electronics, clothing, and other luxury items.
Many students in grade school don’t obtain money very often because they do not have a steady income, so they are prone to spend the money they get. For example, if a student gets money for a holiday, the first thing that comes to mind is to spend it on something they want because they are not used to having money. They don’t know the next time they will get more money so they don’t see the importance of saving. Since there would be a constant income a student will see the effect of saving because their amount of money would constantly be increasing which will motivate them to keep saving. If students learn how to save while they are younger they will be more successful in life, and they will also have that money to use when they graduate.
...secured and are mainly created for studying purpose. Teenagers can also manage their time through mobile phones by putting in simple reminders of what they have to do during the day. Teenegars all over the world have started using mobile phones not only for gaming purposes but also studying purposes due to this reason.
Shopping is something that has to be done whether you enjoy it or not to get essentials needed. We all go places where merchandize is being sold for a specific reason. Whether you go to the mall, shopping centers, or your local grocery store, you 'll always encounter many types of shoppers. Shopping isn’t always as fun as it sounds to everyone, but it is something we often do. This is the only way we get products we need, by personally buying them. You have three main shoppers including impulse buyers, list makers, and bargain hunters.
Everyone likes shopping, but everyone has their own way of spending when they go shopping. I love shopping, but I hate being at the mall, if I don’t need to be there then I won’t be there. I’ve noticed that when I have money, I do not buy anything, and when I do not have money I want everything I see. From my experience I’ve observed that there are people who shop smart, people who are just plain addicted to shopping, people who join another person while shopping, basically called window watchers.
Money is essential for our everyday lives and people have to face choosing whether to save up or spend their money. Of course earning our money can difficult considering that it is a necessary asset that affects every aspect of our life. Every day we see people working hard to earn as much money as the can. However how they use using the all the money earned is a frequently debated topic have seen many people who earn money and can no restrict themselves from spending .They usually act like wild animals fighting for food and being separating from the delusions of business. People are usually confused and frustrated by the amount money the use in a week without knowing that their daily impulse buying objects have piled up. Although it can be very hard to control there are many easy steps to stay away y from spending and instead saying up. Setting a goal, recording the amount you spend and even lowering your expenses can be small steps that will lead to great success in saving for the future