Why is saving money important to a teenager?
To many teens, saving isn’t important! For Splurger Spike (one of the Money Mindset Mob characters), as soon as money reaches his wallet it is spent! For him, money is for having fun in the present moment, he’s not bothered with planning for the future. Compare that with Ashley Stasher, she gets a kick out of watching her bank balance grow. She knows where every cent goes, and can even have trouble spending her money. Taken to the extreme, she becomes a miserly tightwad, not enjoying the opportunities money can bring. Most teens (and many adults!) don’t realize that saving is just a form of spending, only it’s been delayed a bit. Thinking you’ll become wealthy by saving up for a car or even a house is one sure-fire way to stay poor. More important than knowing how to save, is understanding about wealth creation. Creating wealth is about building income-generating assets through investments. Yes, it involves putting money aside (much like saving for a holiday or new jacket) with the int
