Teens and Their Finances

Even though some might say that a dog is a man's best friend, many might also say that money is a teen's best friend. However, teens do not seem to be treating these friends of theirs with a good amount of care.
Teens should learn to cut down on the amount of money they spend, and learn how to manage and save their money. With expenses such as prom, college, and more things coming up, this is one thing all teens should learn to do.
Everyday, teenagers are spending more money on clothes, entertainment, food, cell phones, etc. Today, teens are the largest consumers in America. Last year, America's 32 million teenagers spent about $172 billion, according to NexGeneration Magazine. That is about $104 per week per teenager. Over the last couple of decades, teen spending has increased dramatically.
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