Bangalore: Being a teen is the most wonderful time in all of our lives. This is a stage where most of the teens have just stepped out of college and are confused about almost everything in life. Whether it is about making friends, what to take up for studying, how to dress and most importantly how to spend and save money, teenagers are always confused.

While learning to save money, mistakes will be a part of the process. Many financial institutions are targeting on teens and college students for prepaid debit cards. Moreover as the fees in almost all the colleges are rising, teens are looking for alternative ways to earn money.

Here are five things listed by The Motley Fool that teens and students need to consider strongly:

1. Consider Money Seriously

Usually most of the teenagers tend to take money very lightly. Spending in a restaurant, buying cloths and borrowing and lending money has become integral part of their lives.

However, saving money is very important part of their lives. Even a small amount of money can bring a huge difference in their saving accounts. Choosing budget schools, colleges and if required, getting a part time job will add flexibility to achieve what they want in life.

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