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New Year's Resolutions
March 09, 2014
It is at the start of each new year that we take stock of where we have been, and make promises to ourselves about where we are going in the year to come. We make resolutions. This year, at Claim Your Youth, we asked our members (teens, just like you) to share their financial resolutions for the coming year. Here's what they said:
T. Johnson (17) said:
"I'd like to save enough money to get a nice TV for my dorm when I go to college next fall. The ones there are too small."
B. Davis (14) said:
"My parents said I could only get a smart phone when I could pay for it myself. My resolution is to save $30.00 out of the money I get each time I baby sit until I have enough."
H. Revita (13) said:
"I want to open a savings account. I keep my allowance in an envelope when I'm not shopping, but I'm worried I'll lose it. If I have a savings account I can keep my money in a safe place."
A. Harriet (17) said:
"I want to get a job. I've been helping my dad mow the lawns in our neighborhood for a of couple years, and I think I can find a job with a company that does that. I'd like to save my money up to get a car."
There were a lot of great submissions, and we want to hear more. What's your financial resolution for the new year?
Here are a few suggestions from us here at Claim Your Youth:
1. Write a saving plan and stick to it. Example: Decide to save $5.00 out of each paycheck or allowance. Deposit it in a saving account at your local credit union and make your money work for you.
2. Learn how to save while you shop. Example: Buy a newspaper on Sunday to get the weekly ads and coupons. Look for things that you need to buy that are already on sale to help you decide where to shop for them to get the best price.
3. Don't have a job? Earn money on your own. Example: Try offering to help out people in your community to earn extra money, you could baby sit, mow lawns, clean houses, etc.
There are a lot of ways you can make a new, financially smarter, you in the new year.
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