Tips for teens
● 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.