TEENS - Financial Freedom 101

TEENS

FINANCIAL FREEDOM 101 learn strategies on how to save, invest and secure the future Presented by:

Leslie Quarnaccio

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Hi! My name is Leslie Quarnaccio Join me as we explore the financial path to independence for teens. Inspired by my two daughters, who have become financially savvy at a young age, we’ll uncover the secrets to managing money wisely, saving for the future and building a strong financial foundation.

WHAT DOES FINANCIAL FREEDOM MEANS FOR TEENAGERS? Financial Freedom for Teenagers means having the ability to make choices and pursue their goals and aspirations without being limited or burdened by financial constraints.

Financial Freedom for Teenagers means having the ability to manage their money, set saving goals, and making spending choices without being overly reliant on their parents or guardians Financial Freedom for Teenagers includes the sense of financial security and preparedness for the future.

FIVE KEY REASONS WHY FINANCIAL EDUCATION IS IMPORTANT FOR TEENAGERS

Financial Independence Avoiding Debt Building Saving Habits Investment and Wealth Building Financial Resilience

FINANCIAL INDEPENDENCE Steps to help you work toward Financial Independence

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Set Clear Finacial Goals

Create a Budget

Earn Income

Save Regularly

Invest Wisely

Have a clear goals that will provide motivation and direction for your financial journey.

Develop a budget that outlines your income sources and expenses.

Seek opportunities to Commit to saving a Learn aboutdifferent earn money as portion of your hard- investment options and teenagers. This includes earned money on a considering opening an part-time jobs, tutoring, regular basis. Consider investment account and selling items online and opening a savings start investing for the others. account to separate long term. your savings from your spending.

STRATEGIES ON HOW TO SAVE MONEY FOR THE FUTURE 1 2 3 4 5

Set Clear Goals Create a Budget Reduce Unnecessary Spending Open a Savings Account Learn about Investing

HOW TO AVOID HAVING DEBT & MAINTAINING DEBT-FREE LIFESTYLE LIVE WITHIN YOUR MEANS

AVOID IMPULSE PURCHASE

Ensure that your expenses do not exceed your income.

Practice restraint when it comes to buying.

LIMIT CREDIT CARD USAGE

SET FINANCIAL GOALS

Pay the full balance each month to avoid interest charges. Use them responsibly

Establish clear financial goals and prioritize them in your budget.

BEST INVESTMENT FOR A TEENAGER 1

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Stock Market

Roth IRA

Savings Account

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529 College Savings Plan

Mutual Funds

Starting a Small Business

FINANCIAL FREEDOM IS NOT ABOUT HAVING MORE; IT IS ABOUT HAVING MORE CONTROL OVER YOUR CHOICES.