Essay on How Budgeting Is Important For Both Teenagers And Adults

1037 Words Oct 25th, 2015 5 Pages
“Managing My Money” In order to live a safe, happy, and healthy life, you need to manage your money. It seems simple like instead using your savings to buy a new, cool gadget, you’ll use your savings to buy a book that you need for class or bus tickets for transportation to get about places, but managing money is much more complex than that. It not just planning how you’re going to spend money on the things you want and the things you need. It’s about how you’re going to spend on expenses and save for expenses in the present and for the future. Another term for this would be budget (or budgeting). Budgeting is important for both teenagers and adults because it’ll ensure us that we’ll always have enough money for the things that we need and are important. It’ll also prevent us from suffering from financial issues (or help us get out of them) and keep material items from ruling our lives. It may seem silly for a teenager to budget since our expenses are taken care of by our parents or guardians but it’ll prevent us from making major financial mistakes later on in our adult life. Life is already difficult with our personal lives and non material matters to worry about and it’s unneccessary to also have to worry so much about money when we can organize it in such a way that we’ll be able to survive and take care of our responsibilities.
Unfortunately, there are many people out there that has suffered from not keeping a budget. Consequences vary depending on their life…

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