Top 5 Personal Finance Tips for Teenagers

Shane Hummus - Top 5 Personal Finance Tips for Teenagers |

"Top 5 Personal Finance Tips for Teenagers" by Shane Hummus is licensed under a Creative Commons Attribution International License.

Based on a work on https://www.youtube.com/watch?v=BV_XkanSiHI&t=3s

Credit to @Shane Hummus via YT page https://www.youtube.com/c/ShaneHummus

spinninvest.com says that 50% of income should be spent on needs, 30% on discretionary spending (wants) and 20% on saving.

But it's been proven that young people today will spend up to 50% of their income on the most basic of needs that is HOUSING. This includes both renters and home owners.

So here's a quick guide to breaking this cycle for teens.

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