How High School Students Can Make Smart Money Choices

As a high school student, you undoubtedly have a bright future ahead of you, and you can make that future even brighter by learning some simple principles of personal finance.

WORKING BACKWARDS FROM THE OUTCOME – CREDIT

If you want to own a beautiful house and car, these things will likely require good credit. Good creditworthiness is a combination of low debt, high income, and a strong history of repayment.

GOING FROM YOUR DREAM LIFE TO REALITY

You should also consider what kind of financial shape you want to be in when you are 25, 30, 40 and so on. Think regarding things that you value.

BUILDING A HABIT OF BUYING VALUE

One of the greatest habits you can learn as a high school student is how to buy things based off of value rather than off of the price. These little habits have a huge effect on the rest of your life.

LEARNING TO BE FINANCIALLY SAVVY AND BUILDING A BUDGET

Being able to create a budget for yourself will make your life infinitely easier in your early twenties as you make your way through college and start out on your own. Budgeting is really about planning how you will spend your money before you actually spend it.

LEARNING TO BE FINANCIALLY SMART

One of the greatest keys you can use to unlock the prosperity of your financial future is to continuously learn. Some great books to help you get started is to read The Intelligent Investor, which will teach you the fundamentals of investment or the Millionaire Next Door, which gives you an insight into how Millionaires manage their money.

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