Not many people like to be careful with money. People are often savers, or spenders. Credit cards allow spending, and a lot of people are in debt all their lives. Whether you are a saver or spender depends on you, and how your friends and family deal with money.

Parents can have an influence on your spending habits by:-

Encouraging saving

Spending all the time, as soon as they have money, or have paid off some debts.

People in debt can get stressed out about it, or lose things, like their home, car, other possessions and things.

If you have a problem, first ask people who seem to manage their money how they do it, this might be a friend, parent or someone at work.

People who manage money well often divide things up into:-

Essentials (food, house, electricity, water, basic clothes)

Luxuries (a wish list)

They often do the following:-

They avoid high interest rates (credit card loans, and other high interest loan companies)

They may alter their lifestyle, (limiting how much money they take with them when they go out, not buying designer clothes all the time, not going on holiday)

They may save a bit each week, sometimes for years, to get to the point of affording something.

They may balance up their money, how much they earn, and how much they spend each week.

They may ask someone else to manage their money, (get paid weekly, instead of monthly, or get their allowance from their parents each day, instead of once a week).