Tips for teens

The Western Star - - Money Saver Hq -

● Bud­get to avoid frit­ter­ing hard­earned cash on in­ci­den­tals.

● Don’t spend more than you earn, and set up a plan to achieve sav­ings goals. ASIC’s MoneySmart sav­ings goals cal­cu­la­tor helps you work out how much money you need to save and how long it will take.

● Make the most of com­pound in­ter­est to help your sav­ings grow.

● Know the difference be­tween good and bad debt, such as a credit card.

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