011

CAUSES OF THE FINANCIAL PROBLEMS THAT BESET MY AGE GROUP

Do you agree with me if I say that everybody in this world has financial problems? I absolutely think everybody will agree with me as all people from teenagers until old ones are facing this problem. I am a teenager and I think being a teenager is so fun and there is no doubt about it. Plus, this would be more fun if the youth had more money, thus no more financial crisis among the teenagers. However, this is quite difficult to get money as teenagers do not have steady jobs. So unless one has a rich generous family or relative, money is not easy to come by. Now, there are many causes of the financial problem that beset my aged group.

First and foremost, teenagers usually need money for education purposes. This is the main needs for teenagers as a student. They need to buy stationeries and books and nowadays, all academic books are quite expensive especially books for college or university students. For example, if they want to buy a dictionary it already cost at forty five ringgit and above. It is already expensive for students especially for those who come from poor family. Some students cannot afford to buy all that books. They are not allowed to be in debt first. So, sometimes they have to borrow the money first from someone.

Next, the second cause is teenagers do not know how to manage their finance well. It is very important for them to know that we survive on pocket money, so each of them should have weekly or monthly budget. This can avoid them from spending our money on unnecessary things or needs. They must know the differences between needs and desires. Then only they can spend their money in proper way. If their friends buy something that they fancy, they surely admire to have one like them. To illustrate, students love to buy new branded hand phone especially when they get scholarship. So, they should think properly. If it is not necessary, just forget it and do not let them from being influenced by their friends.

The other factor of the financial crisis having by my aged group is not all youths come from rich family. Their families are not afforded to bear all their needs. Sometimes, these groups of youths need to earn some pocket money by doing part time job. They will send some money to their parents to ease the burden of their parents. However, those who come from rich family are very lucky because their parents still can afford to bear their family and they do not have so many problems on finance.

To conclude, teenagers always having problems with finance if they are not able to manage the budget well. They must realize that if they were to go out and buy everything that we fancy, even a working man’s salary would not be enough. So, they should have made a policy for their own self that is to buy only when it is necessary and if they have the money. Otherwise, just forget about what they desire because if they cannot afford it, the chances are they do not need it.


(NURUL SYAFIQAH BINTI RAMLEE)
(104104)