The season for exams is upon us and many of you are studying really hard to ensure you do well. I am a strong advocate for seeing our young people excel in their education and pursue their dreams. It is also my desire to see this young generation adopt the discipline of financial management.
Guess what? You’re never too young to learn about budgets, savings and investments. The sooner you learn the better.
Here are some benefits of developing your financial management skills today:
- You will become knowledgeable of healthy financial practices. In the long run, you are guaranteed not to place yourself in financial ruin.
- You will become confident in implementing these financial practices. The more confidence you have, the stronger your approach will be to making wise financial decisions.
- You will know how to pick up on financial scams very quickly. There are many who would try to trap you because of your age.
- If you are preparing to go to college, having these skills will enable you to handle your expenses very effectively.
- As a future business owner, you will have the tools necessary for managing your business’ money successfully.
Why wait until you have a substantial amount of money to develop this skill? Start today. Find a mentor (parent, godparent, youth leader) who is willing to train you in this area and offer you sound advice.
Remember, you are never too young to learn about money.