Teenager Money: A companion workbook to the Teenager Money course
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About this ebook
We have asked Lisa, another young person who has now started at University, to share with you some money lessons she wished they had taught her at school!
"Being an adult and managing your finances can be a struggle for some of us. We all know that we should plan, budget and take care of money and our spending. But how many of us do it? We are supposed to rationalise each purchase and think upfront about whether we can afford something and whether we need the item we want to buy. Or is this purchase just a way of satisfying our infinite wants?
Most of us wish we learned about money before our 20’s so that by the time we are 30 we have some savings and investments and we understand how to manage the money.
We wish we didn’t make so many mistakes and didn’t waste hundreds of pounds on useless purchases. We wish they taught us more about money at school," says Lisa.
This is just a taste of the real thing!
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Teenager Money - Arinola Araba
Acknowledgements
I would like to acknowledge the contributions of Sami and Tanya.
Sami Abdalla ensured the correct content was included in this workbook and formatted everything correctly
Tanya Kukreja created the colourful savings goals, monthly budget lists
and designed this workbook.
Lisa (Jelizaveta) Karandey for permitting us to put her photograph on the book cover.
Dear Reader
This book is a companion to the online Teenager Money Course, aimed at teens aged 13+.
We asked Lisa, a university student, to share her thoughts on 12 things about money she wished she was taught at school.
"Being an adult and managing your finances can be a struggle for all of us. We all know that we should plan, budget and take care of money and our spending. But how many of us do it? We are supposed to rationalise each purchase and think upfront about whether we can afford and need the item we want to buy. Or is this purchase just a way of satisfying our infinite wants?
Most of us wish we had learned about money before our twenties so that by the time we are thirty, we will have some savings and investments and understand how to manage the funds. We wish we didn't make so many mistakes and waste hundreds of pounds on useless purchases. We wish they taught us more about money at school." says Lisa.
Workbook Content
We have divided this book into:
Module Notes
Inflation
Why can't we just print more money?
Lesson Objectives
Money is not just printed out and given to people. And no, you can't just print more money.
Even after graduating from university, many people still ask the same question: why can't we just print out more money?
The simplest way to explain it is to use water as an example. Imagine water becomes a currency: you have one water bottle. It's all you have, and you value it because your life depends on it. Everyone else also has water bottles; you can exchange and buy things with them.
Imagine that everyone realises they can fill a water bottle from the tap. They will be less likely to buy water now that it's readily available.
However, the crucial part is that everyone else now