Why Teens Fail at Finances

teenager spending habits

A lot of people are guilty of making financial mistakes, but teenagers are often guilty of making mistakes with money because they don’t know any better. While many adults are guilty of making similar financial mistakes, most adults quickly learn how to handle their money in a way that won’t hurt them further down the line. Listed below are some of the biggest financial mistakes teenagers can make with their money:

Underestimating the Cost of Items

Sometimes buying an item you’ve coveted for a while can be so exciting that you have tunnel vision when it comes to purchasing it. Many big-ticket items come with associated costs. For instance, buying a car means that you̵


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