Wednesday, April 16, 2014

Saving young people from themselves

It's obvious to us that most young people don't take an interest in taking aside their own spending money and putting it aside for a later time in their life. Most young people this day in age are starting to get jobs earlier and earlier, and in this case they are obtaining money to do as they please with, like going out to eat or going to the movies or getting new things to put or their cars ect. But what they don't realize is that in these upcoming years they're going to be having to pay for college and the books and materials that go with it, along with if they're planning on buying/renting a house. And if so living away from home they're having to pay for food. It's going to be a huge change for most and for many a struggle. So the sooner we can get in the habit of saving and putting aside money, the better off we'll be. Because if you have a job now and are always able to take off and spend it how you want, that means that you also have the chance to set aside what could possible be what you depend on in the near future. As for your later years in life you may have a steady job and pay check, upon saying that, you should take the opportunity to take part in which I think is a great idea if you are financially stable, is to go by the Australians superannuation way of thinking by putting a percentage of your pay check away into your retirement account. Although many of you think I don't need you need to worry about this as of right now, you should absolutely start as soon as possible to be prepared for what to come in your future.

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