The beginnings of Financial Literacy: Going into Your Teenage Years
Going into my late teenage years, around the time I got my license, I came across many situations that involved my burgeoning financial literacy skills. I was unaware of the expenses that came with being a teenager – I began to learn this the hard way.
When I first received my license I had $45 in my wallet and I decided to drive to the mall and meet up with my friends. I spent all of my money and returned to my car to go home. Little did I realize that my gas meter was on E, it was empty, and I was 15 miles away from home! Being a teenager, and too frightened to call my parents for money, I decided to drive to the nearest gas station which was 10 miles away, and thankfully, in the direction of my house. Halfway through the journey to the gas station my car came to a halt – right in the middle of the road!
After that terrible experience I began to realize how important money management is to a 17 year old. I had never learned anything about money management in school, and, unfortunately, my parents did not have a website like DoughMain to help me manage my allowance when I was younger. If I had the opportunity to go back in time and increase my financial literacy skills I would. With a website like DoughMain to help manage your kid’s allowance at a young age, your kids can be ahead of the game when they are older. They can be smarter with their money and be financially comfortable.
The Save, Spend and Give tool could have helped me to create goals and manage how to save enough money to reach my goal. I could have learned that every time you spend money there is a “Trade Off” or something that you might lose in the process of gaining something. It also could have helped improve my organization skills along with planning ahead to be prepared for the future. Get your kids started on the right path: Try DoughMain.