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Teens and their Finances Even though some might say that a dog is a mans best friend many might also say that money is a teens best friend However teens do not seem to be treating these friends of theirs with a good amount of care Teens should learn to cut down on the amount of money they spend and learn how to manage and save their money With expenses such as prom college and more things coming up this is one thing all teens should learn to do Everyday teenagers are spending more money on clothes entertainment food cell phones etc Today teens are the largest consumers in America Last year Americas 32 million teenagers spent about 172 billion according to NexGeneration Magazine That is about 104 per week per teenager Over the last couple of decades teen spending has increased dramatically However many Lane students think they should spend their money freely and should not worry too much about their future yet Why not spend money now said Gina DiCesare Div 370 We are young so we should have fun We really dont have to pay for mortgage other house bills One such event students at Lane can see in the future is prom With prom dresses ranging from around 100 to 600 tuxedos from 100 to 300 and prom tickets from 120 to 180 students should realize the importance in being wise in what you purchase and should not spend money rapidly Furthermore many teens are working in jobs for close to 35 or 40 hours per week With the money they make teens often go shopping for clothes pay cell phone bills go to movies buy food etc Not many teens think of how their money can help them in the future This so called love for money can distract students from things more important such as their schoolwork Working takes a bit out of me schoolwise said Gerardo
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