Adolsent Habits of Spending Money Essay

I think back that many people are familiar with the economic crisis that has plagued the front of newspapers and run rampantly across unnumbered television news networks through and throughout the day.Billions of dollars are flying around to help businesses in hope of avoiding a catastrophic pecuniary meltdown. A barrel of oil has dropped to the lowest price anyone has seen in months, and multibillion-dollar companies are crashing into the rocks.In all honesty I genuinely dont mystify any opinion on the financial crisis. Of course I know the economy is failing. I see the stock market plunging and indeed slowly coming up for breath and quickly plunging once more, but in my mind this genuinely doesnt affect me because I dont know what I am looking at. It doesnt interest me, and I almost forget that it exists at times because I dont have anything invested and I didnt lose anything but 20 minutes in a day sitting on the couch watching some numbers drop.This is by far not the hea lthiest way to discern something as serious as this. I really only care about financial financial aid as of now, which is quickly dwindling by the way, in the hope that when I finally leave this buttocks and move on with whatever I plan to do to make a little coin in my life, I will not have to pay anything for a college education. Second on my tend is surviving until that point, and I plan to take it from there what I have always done through financial turbulence and what many others should begin to think about.So when I read an article in the New York Times yesterday titled, The Frugal Teenager, Ready or Not written by Jan Hoffman, I was quite intrigued. It seems that most striplings are being spoiled to an extravagant degree. Parents have had success in their lives afterward the late 1980s, ultimately giving them the ability to care for their children and essentially give their kids whatever they ask for, generally.I can buoy admit I was spoiled as a child and when I was a teenager as well. My parents have done everything to their ability, and so have many other parents. What interests me more than anything is that many of the teenagers in this article took spending less on designer clothes or whatever else teenagers want as an insult. Many of these kids have never been told no and they really dont like the sound of it.This is pretty sad. I know that parents want the best for their children and feel the need to do whatever they maybe can for them. This is perfectly understandable, but I believe that it has gone way too far, and the fact that it takes an economic meltdown that debilitates the United States and erases millions of peoples savings, investments, bank accounts and jobs to actually say no to privileged children is quite ridiculous.What does this really mean, though? Nothing. I guess that 20 social classs of good fortune has led parents to think that their financial situation would stay pretty much(prenominal) consistent, and the cash crunch got the better of them. My parents experienced this almost 15 years ago when my mom lost her job. When a familys budget goes from over $100,000 a year to less than $30,000, it is quite unimaginable. Your standard of living is completely pulled out from underneath of you and the only way to conduct is to move on.I had to be said no to quite often actually and it has done me well, and the teenagers now do not seem to know what money is. The only way to reverse this is to simply posit them there are going to be cutbacks and you will have to sacrifice just as much as we do.I was surprised by some of the teenagers reactions, though. They seem as though they actually care about helping their parents in this difficult situation, which is quite relieving, by agreeing to a cast down spending limit, shopping at lower brand stores and helping out with household chores to earn their allowance. This is how it should be.The grade of a child growing up with responsibility is the grea test gift a parent could possibly give to his or her child, and instead of a teenager entering a completely new field after graduating high school and moving on to college or right into the workforce, they will actually effect that the world just isnt something in Google Earth. The responsibility that my friends and I have learned while we were teenagers is priceless, and I wouldnt trade making food for a bunch of tourists 40 or 50 hours a week when I was barely able to work for anything.