Teenage and young adult spending has propelled to $172 billion per year, according to Teenager Re- search Unlimited. It seems quite obvious that they know how to spend money, but do they know how to save it?
Even though the yearly spending jumped $50 biread more
Reviews forThe Complete Guide to Personal Finance by Tamsen Butler
We constantly hear of teenagers or college students, once of out of school, getting themselves in to desperate financial situations because of their lack of discipline or knowledge. Once on their own it seems like every credit card company gets their address and bombards them with enticing advertising. As well, student loans are easy to get and just as easy to spend not anticipating they will have to be repaid with a high interest attached.This book is a very important component of the teen or young adult's reading material before embarking on their own. Much of the information isn't taught at school and in many cases never discussed with parents. Also, in many cases the parents themselves aren't well versed in financial matters.I believe Tamsen Butler covers all the necessary aspects of providing information so as not to get into debt or succumb to easy loans or credit cards. She also covers spending, saving, and budgeting. I specifically like her explanation about creditors and the "games they play." As well, Tamsen covers areas such as different kinds of debt, responsibility, and credit reports. From what I can see nothing was missed to give the young person the basics of sound financial management.I do recommend this book be given to every teen before they leave home and embark on their own. It may the best investment in their lives.read more
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