What advice would you give a person aged 16 to 20 years old

H,m good question. I think I would say stick to going to school make it through high school and push yourself to the next leave. It might get hard. You might cry, pray, yell or scream at people. Learn what the real value of a penny because every cent counts no matter what you do in your life.

I know it's too late for me, but what would be helpful for youngsters of today, certainly in secondary schools is to teach them how to budget, that is so important, if you know how to budget, costings, and be financial sound and know how to save, and where to invest, that would be advantageous for those about to embark into the career world and leave school, so they can manage their money effectively, and hopefully won't get bogged down in debt at such a young age.

My advice for 16 to 20 years old is to have more savings than spending money. They should focus on studies in order to graduate and find a job.

Apart from what you have already listed a youngster should in the first place be on the alert not to get addicted to anything that will come in the way of their ambition and stay away from those who are a bad influence. There is a saying "Tell me who your friends are and I will tell you who you are"

Very relevant topic. We need to guide our young people aged like these. I would advice them to open a bank account and make saving real in their young age. Study on and on to make them more competent and competitive. Lastly, I will advice them to keep remembering God while they are young so that they will be guided spiritually and wise enough to face future and of course, I will tell them to honor their parents and treat senior citizens with respect because they will be like them someday.

that is nice too. and addition to that I will advice to study harder and be expert to the choosen degree/course do the best to get higher grades for it will reflect in transcript of records which the employer is checking also as a background check.so He she will be landed to a good and stable job soon, and have a many job opportunities that awaits him or her.

First stay in school and if you cannot go to University or College, train for a good trade. Second put ten percent away of your income and if you are a church going, put the first part of your money for charity - that includes church. I find it is easier to say "I have allowed five percent of my income for church and or charity (this is an example) so that I can tell anyone who asks that I support another - that I cannot afford it because the rest is for living expenses. Then look for good bargains, if he can buy in bulk, then do as long as nothing spoils. Do not buy on time unless one cannot help it. Mortgages are the exception. Do not co-sign. If he wants something, he has to save up for it. Pay all the credit cards in full. I could say more, but will stop for now.

Frugal habits are certainly a good thing to learn whilst you are young. They'll stand you in good stead for your whole life, even when you have more money. I don't think qualifications or a job are as important as society would have us believe. This is the time when young people should be exploring what they really want to be involved in and experiencing new things.

That sounds reasonable to me. I would go a little further. Saving is one thing, but we need to make sure we are getting the best deal. Nearly every country in the world has the banking system falling head-over-heels to get good deposit money as security in these difficult times. Always keep an eye out for good deals. Start with no-fee transaction accounts for students, for example. Then once the money builds up, look around for term deposits where a minimum amount is required for a much greater return. After this, if they are willing, help them learn about the stock exchange & maybe invest a small amount in a good ethical company that the kid has an interest in supporting, so that even if it collapses in the end, they know that they've contributed to a noble ideal. Property ownership is a really worthwhile investment from a young age. Even if they don't want to live there, just rent it out & receive a nice passive income whilst the value of the asset grows. Here, children of eleven years old own a dozen or more properties (leveraged off their parents!), with rent coming in! If possible, try to help children work in paid jobs during these years & build their resume`. There are still good jobs a teen can get that don't need a resume`. Studies show that it makes better adults out of them. Teach them to never idle their time, but to organise effectively, cutting out things like television, etc. Paid employment is one thing, but there are many more money-making opportunities besides. Help them develop their hobbies & help them make money from them. Show them the value of developing professional networks through work & hobbies. I would be reluctant to encourage children to volunteer their time when they can be doing paid work or study or developing themselves in other ways. A strong early start is very important. I hope it goes well.

Learn as if you could live forever and live life as if you'll die today. So in the end, when you look back you will have no regrets.

yes I would say at the least 10% of the income that she or he brings but always put more in if you can you never know when something may come up

my parents have told me to make saving sine i was borned.Saving money for education,ordinary expenses and sth else. and now i have my dream-board every year. Everyday ,fight for them...thank my parents for the concept of life that they bring to me

come up with your own DREAM BOARD! This, i would basically suggest. it would greatly help to define and identify what you want to have in the near future. posting it in a dream board and seeing it everyday will keep your mind focused to your desires. keeping yourself focused will lead you to work hard and really strive hard for it. :)ProfGail