Author : CFA Jeyamariappan

APAPA – financial literacy slides for high school kids (1)Download

In today’s fast-paced world, financial literacy isn’t just a skill for adults; it’s a necessity for teens. The earlier you start understanding money management, the better equipped you’ll be to make sound financial decisions throughout your life. Let’s dive into some key aspects of financial literacy that every teen should know.

Budgeting: Your Financial Roadmap

Think of budgeting as your financial GPS. It helps you track your income and expenses, ensuring you have enough money for your needs and wants. The 3-part budget rule is a simple yet effective way to start:

  • Spend: Allocate money for essentials and things you enjoy.
  • Save: Set aside funds for future goals or unexpected expenses.
  • Share: Consider donating to causes you care about.

Remember, the golden rule of budgeting is to never spend more than you earn.

Checking and Savings Accounts: Your Money’s Home

  • Checking Account: Your go-to for everyday transactions. It comes with a debit card for easy access to your funds.
  • Savings Account: A safe haven for your money to grow. It typically earns interest, helping your money multiply over time.

Credit and Debt: The Double-Edged Sword

  • Credit: Allows you to borrow money now and repay it later, often with interest. It’s crucial for building your credit history, which impacts your ability to get loans or credit cards in the future.
  • Debt: The money you owe. While it can help you achieve goals like buying a house or paying for education, it’s essential to manage it responsibly to avoid financial trouble.

Education ROI: Investing in Your Future

Higher education is an investment in yourself. Consider both the quantitative (potential earnings) and qualitative (career opportunities, networking, etc.) aspects when choosing your path. Remember, scholarships and financial aid can help make education more affordable.

Technology and the Future of Work

The world is changing rapidly, and technology is at the forefront of this transformation. Stay curious and adaptable, and keep learning new skills to thrive in the evolving job market.

Final Thoughts

Financial literacy is a journey, not a destination. Start small, be consistent, and don’t be afraid to ask for help. The more you learn about money management now, the brighter your financial future will be. Remember, it’s not just about money; it’s about empowering yourself to make informed choices and achieve your dreams.

Additional Tips:

  • Explore internships and job opportunities to gain real-world experience.
  • Research scholarships and financial aid options to help fund your education.
  • Read books and articles about personal finance to expand your knowledge.
  • Talk to your parents, teachers, or a financial advisor if you have questions.

Remember, the key to financial success is taking control of your finances and making them work for you. Start your journey towards financial literacy today!

About the Author :

Jeyamarippan Ganapathy, CFA, as the author and founder of Samatva Wealth Management LLC. The presentation emphasizes that he is a Chartered Financial Analyst (CFA), signifying his expertise in investment management and financial analysis. The inclusion of his CFA designation underscores the credibility and professional background he brings to the financial literacy advice shared in the presentation.