DINEO TSAMELA: Thinking about money in your teens can build financial muscle
For many teens, independence becomes important as it builds a sense of self. Getting to the point where you're in charge of your day-to-day financial decisions is vital. It's also a good time for you to start thinking about your future - using the money you have to build financial muscle for the big world beyond high school. If you don't receive an allowance, getting a weekend or holiday job is the first step to preparing yourself for the working world. Making an income If you're unsure where to begin, think about your talents and what you can do with them. Ask neighbours for jobs such as baby-sitting or helping out with chores. You can also think about starting your own side hustle, selling food or gadgets at school. Just ask for permission to do so. The best way to begin treating savings as a priority is to pay yourself first. You can split your savings goals into short, medium and long term, and make regular contributions to each of these. You'd be surprised at how much you can a...
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