BANGALORE: Old habits die-hard. Young adults are more prone to spending high and hefty. In their growing years, new things attract them the most and so the fun of shopping everything they see around, spending everywhere they feel interested; and so as a parent you got to instill the saving behavior as early as possible to ripe the saving and proper budgeting attitude in a teenager. To instill the financial values you need not be strict or rigid, but be firm and follow fun rules. Read further to get a glimpse of simple tips for teenagers and of course for the parents to let the young adults learn some money saving skill.

Maintain budget: The best way to teach them spending  in a controlled manner is to make out a budget plan for them. Or you can ask them to make a monthly or a weekly money-spending plan, according to their needs and time.

They can have their weekly-monthly allowance at the start of the month and have to maintain the spending within that for whole given period. If there is over- spending, don’t give them any extra unless needed utmost. This will not only help them maintain a healthy budget, but save them from over-spending.

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