User talk:Krsssamrclo

Money Management and how it affects students's academic performances

Money management is the process of budgeting your money for some period of time. As the economy has suffered in recent years and college costs have risen, high school seniors have grappled with the fallout in their own families and channeled their feelings into an increasing number of memorable college application essays about sacrifice, social policy and affluence or its opposite. Some teens these days do not know how they would budget their money. It is only in a short amount of time where they would be getting started to have own finance accounts. High school students are studying up on trigonometry, advanced chemistry, and world history, but most are not learning about how they would manage to stop spending most of their money. The most common way that most young people get money is through an allowance. Not every teen gets one; some are having a financial problem that’s why they receive less than they expect to have. There are basic ways to save money; a.) One must be conscious enough to know where you spend your money each month, b.) Make a list of all the necessary things needed, c.) Cross out unnecessary items from the list, d.) Deduce the money needed for the necessary items on the list from your monthly allowance, e.) Keep some cash for emergencies, f.) Try to stop going to places where you will be tempted to spend money, g.) Find things to do that don’t involve money or spending much like instead of going out in the movie house, try to rent a few flicks and grab a snack enough for the whole time, h.) Avoid going out too much and i.) Be happy with what you have. It is starting to make teens these days to think more about how their money should be spent rather than thinking how their grades could get higher. Most of the teens who are distracted most of the time were the ones who are having a hard time helping his family in solving their financial problems. And the others still manage to get good grades for getting a scholarship or allowance from the school. It is important for students to know that they should still think about getting their attention back in class rather than spending an hour thinking how they would budget their money for the day. It is starting to affect the employment rate in the economy, 71% of the american economy are graduates in high school yearly. 5 out of 10 graduates did not went for college to save money for their own use.