eLearn - Monday, May 6
1. Fill out this teacher survey.
2. Read this article below and email Mr. Strahm (use his bcsstudent.org email) the one area you are most likely to "waste money on." It could be from the list below or something else (vending machines!
Things Teens Waste Money On
Although musical tastes and fashion trends have changed over the years, teens’ spending habits haven’t. Just like we did, they still waste their money on whatever sounds good in the moment—like a 10-pack of tacos.
These days, Gen Z teens are spending about $2,600 each year. Yikes. While it’s perfectly fine for young people to have fun with their money, teens are old enough to stop blowing every last dime on “stuff.” So, what are they spending their money on?
Here are 10 typical ways American teens waste money:
1. Fast Food and Fancy Coffee
No surprise here: Most teens are eating . . . constantly. In fact, food is the first thing teen boys spend their money on (and second for the ladies). They don’t bat an eye at paying $6 for a venti extra hot caramel macchiato, $10 for a spicy chicken sandwich meal or $2 for chips from the vending machine. If your teen is buying Chick-fil-A every day, they’re likely eating through a wad of cash.
2. Trendy Clothes, Shoes and Cosmetics
While it’s normal for young people to take pride in their style, remind them that those super cool outfits will go out of style in exactly five minutes (if they don’t fall apart first).
3. Smartphones and Apps
What would life be like without texting, Instagram and Facebook? Expensive smartphones are a status symbol these days. So are the cool apps that go along with them. News flash: Last year’s model makes calls just as well as this year’s—for much less.
4. School Dances
Getting ready for the big dance can be expensive. After renting a tux or buying a dress, getting a limo, and going out to dinner, school dances—ahem, prom—can really add up. Listen: Glittery shoes and limo rides aren’t worth that mound of debt . . . especially when college tuition is right around the corner.
5. Spring Break Trips
Even if you trust your teen in Mexico, is it a wise use of money? And how much are you, the parent, expected to chip in? Encourage your teen to use their vacation time to work a few extra hours and save up for a more lasting experience—like, say, a semester of college.
6. Cars and Accessories
Your brand-new teenage driver doesn’t need a brand-new car. So, unless you plan on passing down your wood-paneled station wagon, they’ll need to save up and shop around for a reliable make and model in their price range. With the leftover cash, they can upgrade their ride with shiny rims and leopard print seat covers.
7. Video Games and Consoles
It seems like new gaming consoles come out every time you turn around. And teens need the latest versions to compete with all of their friends (the only two who also have the system). Let’s not forget all the awesome games they’re paying for too—at $60 a pop! Have mercy.
8. Concert Tickets
Teens identify with music. It’s only natural that they’ll want to see their favorite bands live. But concert tickets can add up fast. So encourage your metalhead or indie chick to pick a few priority concerts and not blow all their money on mosh pits.
9. Expensive Dates
Whatever happened to just hanging out? Now it’s a $30 trip to the movies, followed by a $35 sit-down dinner for two, then $15 gourmet frozen yogurts. Oh, and there’s the gas money to get around town. Multiply that by a few weekends a month, and your son or daughter just went broke for someone they probably won’t be dating in two years (or two months).
10. One-Click Online Spending
Thanks to Amazon, teens hardly know a world without one-click buying. It’s okay to order stuff online—sometimes it’s even cheaper—but the downside is that kids don’t feel the pain of using cash. Don’t let them click their way into an overdraft fee.
The teenage years are great practice for the adult years to come. So encourage your kids to budget responsibly while they still have some space to mess up.
via https://www.ramseysolutions.com/relationships/teach-teenagers-about-money
HAVE A GREAT REST OF YOUR DAY!! Always willing to talk or pray with you!