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Many adults, mature people sometimes make the stupidest financial mistakes . Someone loses control over themselves, and someone just is not able to learn to keep their desires and, accordingly, expenses within the framework. What can we say about teenagers – about young people who have absolutely no experience in managing personal finances? The problem here is that sometimes teenagers have no one to explain the principles of money management, or their carelessness is simply not paid attention to. As a result, we have people who have no idea what to do with their own money.

In my opinion, it is not so difficult to teach your growing child a few lessons in financial literacy . This will not only not interfere, but will also help young people to adequately and reasonably manage their money in adulthood. After all, all problems, even financial ones, as we can see, often arise from childhood. Knowing what financial mistakes a teenager makes, parents can explain how to solve them and, in the long term, avoid them. And here are the most common of these financial mistakes.

The first of them is the inability to correctly assess the value of a particular product. For example, it is not enough to get, say, a cool scooter from your parents. After all, it will also have to be serviced. This means constantly buying fuel, changing tires and providing your vehicles with maintenance and service. Few people think about it at all. Of course, you can count on your parents. But how, then, do you even know the price of money?

The second oversight is the acquisition of more certain things than necessary . Here you can talk about cosmetics and clothes, for example, when young people have a breakdown and all the money they have is spent. And the realization that some (or all) of the purchased things are not needed at all comes only later, in hindsight, when the situation cannot be corrected.

Shopping with the intention of impressing others is another mistake young people make. Of course, the chance to measure your financial capabilities is very tempting. But impressing friends or loved ones with spending is not the best way to assert yourself. Moreover, in the long term, such spending has extremely negative consequences, because it has already been proven that such purchases do not bring us pleasure, only a momentary satisfaction from the ability to surpass someone.

Success in any area of ​​our lives is ensured by two key ingredients – knowledge and behavior . We need knowledge in order to do our job efficiently (or do what we have to do in a particular area, not necessarily in the work area). However, even if we are seven spans in the forehead, and if we have all the necessary knowledge in order to do something perfectly, the ultimate success will depend not only on this. I will say more, to a great extent the key to success will be exactly how we act, what strategies we choose, and how we use our knowledge. Otherwise, even with all the information in the right plane, we run the risk of blundering by misapplying our mental baggage.

The first trait is goal orientation . Financial independence and confidence in the future is our main goal. And if you remember about it in any situation, you can avoid many mistakes and wrong steps and emerge victorious over yourself, having achieved what you want.

The second requirement is organization . Of course, in order to achieve what you want, especially in the field of finance, you must strictly control yourself and the situation. You are required to have short-term goals and a plan to achieve them, just like in the workplace. Moreover, you need to keep yourself within the limits – so that then, upon reaching the goal, you can relax and enjoy the fruits of your labor.

The third feature of a financially successful person is a broad outlook . More precisely, it is the ability to accept changes in life’s circumstances without panic and feeling personal drama or the collapse of hopes. This is the ability to adapt and adapt your behavior and actions to new conditions, so as to still achieve your goals.

The next feature is a willingness to take practical action . That is, in any situation, especially in unusual new conditions, you need to make decisions and act. If some approach does not help in solving the problem, you just need to think and find an alternative course of action. To give up is not an option, so maneuvering is the best way out, which will eventually return a hundredfold.

The fifth requirement for those who dream of financial success and independence is frugality . You need to live within your means, even more, you need to spend less than you earn, and it is desirable that you also have the opportunity to set aside a certain amount for the realization of your goals. By the way, this is a specific guide to action, a rule that must be observed if you strive for monetary independence and prosperity.

It’s true, just traveling is great, spending time with friends is good too. If you combine these two components, your vacation can turn out to be very bright, and in some cases just unforgettable. Moreover, this kind of vacation has its own financial advantages , to which today’s article is devoted.

The first plus of a joint vacation is the ability to share the cost of travel . While you may not be able to save on train, plane or bus tickets, the savings on a car trip can be very significant. After all, going to a chosen resort with friends, you simply divide the cost of fuel among all. The same applies to transporting your brothers to the place of arrival by taxi. A nice bonus will be a good company and the opportunity to brighten up the road by communicating with people you are interested in.

The second positive aspect of vacationing with friends is the lower cost of housing . I’ll make a reservation that here again we are not talking about individual rooms in the hotel. Renting an apartment or a house, for which you can pay a fixed amount, will, in any case, cost less than paid hotel rooms. It is not only more profitable to live like this, but also more fun.

Staying not in a hotel, but in a house or apartment, you also get a chance to spend less on food . How? Just sharing the responsibilities of home cooking! Of course, many believe that when going on vacation, you need to choose an all-inclusive service model, so as not to be fooled by the purchase of food and cooking. But on the other hand, since you have decided to go, as they say, “savages”, that is, without focusing on hotels, you still have to cook. You will not regularly eat exclusively in establishments, so there will not be enough funds. And having decided what, how and when to cook, you not only save money, but also gain invaluable experience – joint cooking with friends, sharing culinary skills and pleasant communication in a relaxed home atmosphere at the same table.

Finally, with your credit card , you can earn more bonuses if you participate in the respective programs. How to do it? Take responsibility for paying all expenses with your card. (This is especially beneficial if none of your fellow travelers makes a choice in favor of a bank card, preferring cash.) So, you can pay with your card for everyone and get good bonuses on it. At the same time, collecting checks, you will eventually be able to present something like an invoice to your friends, who will return you the money paid for them. And you, with your bonuses, will only win.