STUDENT'S WORK
The Best Way for Teenagers to Save Money
Written by:Yam Pui Sie
Nowadays, there is a growing concern over the issue of teenagers squandering money unwisely. According to a community survey in Malaysia, young people spend too much money on online shopping. They are attracted by great offers which cause them to buy more. This problem which seems trivial and negligible to some can lead to terrible ramifications if it is not combated at an early stage. For this outcome to become a reality, it is pivotal for adolescents to manage and save their money prudently. This article will shed some light on the best way for teenagers to save money.
In my opinion, there are a few effectual ways to save money among teenagers. Among them are avoiding debt and storing money in the bank. To illustrate with an example, we should avoid debt by not overspending on unnecessary things which may lead to borrowing funds from other people. Besides that, young people are encouraged to save money in the bank. No one can deny that banks are the most safe place for us to store money without any risk of loss of money. However, I reckon that the best way for teenagers to save money is by buying second hand things. The following paragraphs will elaborate more on this simple yet ingenious method of stretching the dollar.
In recent years, young people tend to buy new products and follow the trend to satisfy their vanity.If we think from a different viewpoint, we can gain a lot of benefits by buying second hand things.Firstly,the price for second hand goods is affordable so we can save money to buy the things that we really need.It is good way to ease our parents’ financial burden.Moreover,don't doubt that the quality of second hand products can be assured if we buy them from legitimate sites. Although there will be some flaws in the goods,it will not influence our daily user experience.A good example could be purchasing second hand reference books or gadgets like handphones and laptops.To wrap it all up, buying second hand things can reduce financial problems which are really important especially for needy families.
Furthermore,this action is profitable for the environment.In this day and age,the volume of garbage is increasing by leaps and bounds.By practicing the action of buying second hand things,we can minimize the space of landfills to create a clean and favorable environment.For instance,reusing clothes or sports equipment such as badminton rackets are able to prevent them from ending up in landfills.All in all,buying second hand things is not only an extraordinary way to save money,but also an approach to decrease negative impact on the environment.
There are numerous mediums for us to get second hand products.First and foremost,we can get them at charity shops or car boot sales.In some cases,we can get the second hand things that we want by exchanging our possessions with another person instead of utilizing money.Other than that,we can buy second hand products online through apps dedicated to second hand sales. It is convenient and able to save our time so we do not need to spend our time going out. By doing this,we can bargain the price of products to get high quality products at a cheaper price.
In a nutshell,saving money is a crucial habit that we need to practice from the time we are young.This is necessary to ensure that we have a better and bright future without monetary concern.Everyone including educational and social institutions as well as social media platform must cooperate to cultivate the habit of money saving and wise management of money among adolescents.
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