When you work for a paycheck or do chores around the house to get an allowance from your parents, you're exchanging the value of your time for money. Thinking of money as the time you spent working to earn it can help you understand the value of your time, your money, and the things you buy with it.
All it takes to make a smart spending decision is to stop and think about the item you're buying.
Advertising, buying things impulsively, shopping for entertainment, shopping at the last-minute, and shopping at the mall can all lead you to make unwise spending decisions.
Whether you're using cash, credit, or checks to pay for the items you buy, each form of money has its own benefits and drawbacks.
Spending your money wisely when you're young will help put you on a path to financial security in the future.
Learn all this and more in Spending Money.
Table of Contents
Spending Money: What's Really Going On? 8
What's Money? 10
Be a Wise Spender 12
The Enemies of Wise Spending 14
Impulse Buying 18
Shopping for Entertainment 20
Last-Minute Shopping 22
Mall Shopping 24
Smart Spending Tips: Shop the Sales 26
Smart Spending Tips: Cheaper Entertainment 28
Smart Spending Tips: Use the Internet 30
Keeping a Money Diary 32
Making a Budget 34
Cash, Check, or Credit? 36
Debit Cards 40
Keeping Track of Your Checking Account 42
More About Credit and Spending 46
The Good Things About Credit 48
The Bad Things About Credit 50
Keep an Eye on Inflation 52
s Why Be a Wise Spender? 54
Here's What You Need to Remember 57
Words You Need to Know 58
Further Reading 60
Find Out More on the Internet 61
Photo Credits 63
About the Author and Consultant 64