5 Financial Tips for Teens

When it comes to economics, many teens’ mouths write checks their knowledge can’t cash.

While 93% of American teens say they know how the economy works, 29% have had no economic schooling, according to a survey of 1,000 U.S. teens ages 13-18 by Wakefield Research on behalf of Junior Achievement and the Charles Koch Foundation. Even in light of their false confidence, teens are aware of the importance of financial education.

Although the study identified numerous gaps in economic and financial knowledge, it also showed teens do know where to look for credible information. Two-thirds (67%) recognize they should use their school as a resource.

“One of the things we hear often is that some textbooks are written too academically for most students to understand the concepts,” said Jack E. Kosakowski, president and CEO of Junior Achievement USA. “Our programs, which work as a complement to the school curriculum, are written from the perspective of today’s teens and use digital content to help bring economic concepts to life for students.”

Beyond the classroom, another 63% of students believe they should use their parents as resources for economics education. Help influence the financial literacy of a teen in your life with these practical money-management tips adapted from the curriculum.

Set goals. Managing your money is more meaningful when you’re doing it with purpose. This might mean budgeting to ensure you have enough money to maintain your auto insurance and keep gas in your car, or you may be saving for a big senior trip. Knowing what you want to achieve with your money can help you plan how you spend it more wisely.

Weigh needs vs. wants. When you begin making your own money, it’s easier to indulge your own wishes and spend money on things you don’t necessarily need. To some extent, that’s not a bad thing; rewarding yourself is fine when you do so within reason. That means not exceeding your available funds, and not forsaking things you truly need, like gas money to get to and from a job or school.

Get a debit card. Most people find that having cash on hand makes it easier to spend. If you use a debit card instead, you’re an extra step away from spending so you have a little more time to consider your purchase. Another benefit of a debit card is it helps track your purchases in real time so you can keep constant tabs on your balance and ensure you don’t overdraft your account.

Start a savings habit. Even if your income doesn’t allow for much, it’s a good idea to get in the habit of setting aside a portion of each check. It may only be $10, but over time each $10 deposit can build your account toward a long-range goal.

Protect your privacy. Teens who’ve grown up in the digital age tend to be less skeptical and cautious about privacy matters than their elder counterparts. It’s important that young people understand the potential impact of failing to protect their privacy when it comes to financial matters, including the possibility that their identities could be stolen and all of their money siphoned away. Teaching kids about security is an essential lesson in economics.

Visit ja.orgfor more tips and information to help raise your teen’s financial literacy. (Family Features)

SOURCE:
Junior Achievement

Welcome to the Summer is too Good to Waste Edition of Teen InFluential

Victoria Garcia, Contributing Writer for Teen InFluential

Victoria Garcia, Contributing Writer for Teen InFluential

Sunny days, tan lines, and long weekends at the beach— what could be better? Greetings and welcome to another blazing addition of Teen InFluential. We’re thrilled to share with you the July / August edition of one of the most optimal publications for teens.

As the season of fun in the sun is quickly passing by, you may be wondering— what could I do next? We get it, you want to make your 2018 summer one to remember. Well we’ve got you covered! Inside, you’ll find backyard party ideas sure to make you the cool kid on the block. But wait, long days outside in the blinding sun could take a toll on your eyes. Check out our guide on how to choose the correct sunglasses that will keep you protected and going all summer. Are you college bound?  Are you wondering how you’re going to fit your whole room in a tiny dorm? Check out our tips on how to make your college move smooth and productive while still getting it done in a reasonable amount of time. Whether college for you is near home or hundreds of miles away, there is no escaping the allergy problems that may follow you everywhere. See our guide on what to do for allergies to ensure you stay safe and worry free for your next four years of college.

As you continue to embark on your summer journey and begin to prepare for the school year to come, the team at Teen InFluential wishes you a summer full of festivities, friends, and growth. Thank you for turning the page with us. Now kick back on a floaty, relax in the water, and enjoy the hottest season yet!

Have a great summer,

Victoria Garcia

Contributing Writer for Teen InFluential

Increase Kitchen Efficiency With Ease

As the festive season approaches and the calendar begins to populate, it’s important not to allow the stress of entertaining large groups to become a burden. Below are four tips to help organize a kitchen and host with ease, creating a functional space for family and friends to enjoy.

Plan in advance

Set aside time early in the week to plan the menu, from simple appetizers to the main entree. Grocery shopping apps, like AnyList, allow the whole family to share and build lists together — which can help avoid any last-minute trips to the grocery store. Also, try to identify dishes that can be prepared in advance so more time can be spent away from the kitchen when guests arrive.

Maximize storage and counter space

Optimize counter space by designing small stations for easy access to the necessities. A coffee bar “nook” complete with Keurig cups and mugs can help kick-start a busy day. Storage near the fridge should be stocked with foil and containers, ideal for packing up leftovers after a large party. Reserve the island counter for meal prep and the cabinets below for serving ware and glassware storage.

Keep all staples in arm’s reach

Cooking can be made simple by organizing the essentials. Keep similar tools together, such as bakeware and cookie sheets in one drawer, and pantry staples in another. Spices and herbs should be alphabetized and stored near the stovetop to effortlessly add flavor. For those with design in mind, opt for open shelves to showcase dishes and small kitchen accessories, such as succulents and cookbooks, while keeping everything within reach.

Simplify kitchen cleanup

Cleaning is often the most time-intensive chore in the kitchen, but if designed right, can be a breeze for home entertainers and kids alike. The Delta Foundry Kitchen Faucet complete with ShieldSpray Technology, available at the Home Depot, offers laser-like precision to contain splatter, meaning less soaking, scrubbing and shirt swapping. (BPT)

Happy Anniversaries to the InFluential Family

William Jackson, Chief Business Officer of InFluential Magazine, Spanish InFluential, and Teen InFluential.

William Jackson, Chief Business Officer of InFluential Magazine, Spanish InFluential, and Teen InFluential.

This month we mark six years of service to you, InFluentials, it makes me pleased to say I’ve had the honor of working at InFluential Magazine for all six of them, and I’m just as passionate about our mission today as I was when we started in 2011.

Like so many of you, I’ve been a fan of the InFluential Magazine from the moment we created our first issue and made the effort to ensure each issue is “Dedicated to the Art of Living Well”.  I will never forget the issue featuring supermodel Alessandra Ambrosio on the cover, walking the runway with style, beauty, and grace.  Another one of my favorites features another supermodel, Julie Anderson.  Julie has graced the cover of many popular magazines and can now add InFluential Magazine to the list.  Julie’s cover is mounted in the hallway entrance of my home to remind me each day of the importance of surrounding ourselves with amazing and positive images and stories that influence and inspire us.

One of the best features of working at InFluential Magazine is when we hear from you. We love it when you write in and tell us how much you appreciate the work we’re doing to influence and inspire you toward living well.

It is you we have to thank for the years you’ve supported and celebrated with us, the stories you’ve shared, and the impact we’ve been able to make together on our communities.

There’s much more to accomplish. We want to be everywhere you are and with our plans to expand our offerings through an updated website and additional social networking platforms, we shall continue providing more ways for you to connect with the InFluential family.

I want to take a moment, also, to wish a Happy 2nd Anniversary to Spanish InFluential and Teen InFluential.

Have a wonderful entrance to fall.  Happy 6th Anniversary!

Joyfully,

Will

Chief Business Officer of InFluential Magazine, Spanish InFluential, and Teen InFluential