BECOMING A FINANCIALLY STABLE YOUTH

span>Share:As the only boy of a family of five, Stephen enjoyed wholesome benefits being the only son in the family. He had what he wanted at the snap of his fingers from his parents. Relatives far and near extended their kind hand of gestures by providing so many material things for him. He enjoyed and lived an extravagant life growing up to his youthful age. He never had the cause to think that the hands of time could change.

In his early 20s, his parents began to experience hard times financially and even the relatives who exchange hands of kind gestures with him began to withdraw speedily. At a time, everything stood still. He wasn't able to survive the hard times.

You see, I wouldn't want you to experience Stephen's ignorance. Come to think of it, assuming Stephen had established the art of saving, he wouldn't have fallen into this kind of situation. You know, growing up from being a child to adolescent and up to the youthful age, you get so many gestures ranging from material things such as money, gifts and so on. It is expected that part or probably all of these should be saved.

Becoming a financially stable youth starts from the very tender age and the only key to realizing this is to inculcate and establish the art of saving. It doesn't matter if you had age long shied away from this. You can start now. There are so many benefits attached to it. It could help you;

Live a financially stable life after a degree at the university until you find a job.

Live a well planned and successful future when you put together all that has been saved to purchase shares and securities which could serve as a means of quarterly or yearly income for you.

Earn a living by establishing a business of your own where the whole lot saved could be used to support the capital you want to use to start.

Support your financial upkeep in school in case your parent's financial status turns poor.

Reduce your spending habits by adopting the use of scale of preference in your dealings.

Develop managerial skills. This would later in future, contribute immensely to your financial life.

These and many more benefits you would derive only if you embrace the art of saving. Remember, those who have lived or are living a financially stable life as youths made sacrifices and the art of saving is one.

BECOMING A FINANCIALLY STABLE YOUTH

By: Richard

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