7 Tips to Successful Money Management through Mindfulness
The Teenager Today|October 2022
Have you had any of the above sentences said to you? If yes, this article is for you.
RUPA MEHTA
7 Tips to Successful Money Management through Mindfulness

"Money doesn't grow on trees!"

"When you start earning, you will understand the value of money!"

"A penny saved is a penny earned!"

Mindfulness about money is not just awareness about the money that you have. It revolves around your emotions, actions, beliefs and thoughts related to money, too. Do you get stressed every time you think about money? Or do you truly believe that whenever you need money, you will manage to get it from someone? Change your thoughts about money by thinking positively and bring abundance to yourself.

Here are 7 tips for teenagers that teach mindfulness about money:

1 Budget

How to: Whether you are getting pocket money or earning a salary at a part-time job, budget your expenses. Decide how much you will spend on various types of expenses and stick to those budgets. For example, decide on a certain amount of your earnings for food, travel, clothes, gifts for friends, etc. This ensures that you don't go overboard on any one category. Identify your discretionary spending, such as entertainment, eating out with friends, etc. Set a certain amount or percentage that you will spend on discretionary spending and don't go over those self-imposed limits.

2 Save

Esta historia es de la edición October 2022 de The Teenager Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 2022 de The Teenager Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE TEENAGER TODAYVer todo
STICKING OUT YOUR NECK!
The Teenager Today

STICKING OUT YOUR NECK!

Maybe it's having the twins, my grandsons from New York, back home again, that reminded me of a conversation I had with them a couple of monsoons ago: \"What's that?\" asked one of them pointing to a huge shell on the ground.

time-read
2 minutos  |
September 2024
Hippos can get airborne while running fast
The Teenager Today

Hippos can get airborne while running fast

Hippos weigh up to two tonnes, but these bulky creatures can go airborne for a period of time.

time-read
1 min  |
September 2024
Tree bark plays a vital role in removing methane from the atmosphere
The Teenager Today

Tree bark plays a vital role in removing methane from the atmosphere

Trees are known for removing carbon dioxide from the atmosphere, thus benefiting the climate. New research shows that they offer one more benefit.

time-read
1 min  |
September 2024
Lunar caves could shelter astronauts on the moon
The Teenager Today

Lunar caves could shelter astronauts on the moon

Scientists have found an underground cave on the moon not far from where Neil Armstrong and Buzz Aldrin landed 55 years ago.

time-read
1 min  |
September 2024
Manasi Joshi
The Teenager Today

Manasi Joshi

The Para-Badminton World Champion

time-read
2 minutos  |
September 2024
International Day of Peace
The Teenager Today

International Day of Peace

In Search of Non-violence and Cease-fire

time-read
1 min  |
September 2024
Non-Violent Communication
The Teenager Today

Non-Violent Communication

How to cope with conflict situations

time-read
4 minutos  |
September 2024
FR ALOYSIUS G. REGO
The Teenager Today

FR ALOYSIUS G. REGO

A short-statured bearded figure glancing through a pair of spectacles, cane in hand, and head swinging with every step, was the most feared figure in the galleries of our school, St. Joseph's Collegiate, Allahabad.

time-read
2 minutos  |
September 2024
The Architects of the Future
The Teenager Today

The Architects of the Future

As we celebrate Teachers' Day on 5 September, students from St Charles School, Santacruz East, Mumbai, have come together to share their thoughts and perspectives on the challenges that teachers face in today's rapidly-changing educational landscape.

time-read
4 minutos  |
September 2024
JUNG & KOOK
The Teenager Today

JUNG & KOOK

With music, stories and news of K-pop all over the place, on Instagram, Twitter, Thread and other social media platforms, and dozens of boy and girl bands emerging from South Korea, believe me when I say that K-pop is irresistible.

time-read
4 minutos  |
September 2024