Teen Money Making Ideas » Education

Teens Required to Learn Money Management in High School

Amber — Tue, 11 May 2010 15:21:26 +0000

The following article is from TeenMoneyMakingIdeas.Com:Here’s something that we advocate a lot here at Teen Money Making Ideas: educating teens in money management. And now even high schools are going to be requiring teens to take money management classes before they can graduate.

With high gas prices, a weakening economy and lingering questions about the future of student loans, money management skills are more important than ever. Soon all high school students will be required to take a money management class to graduate, and experts said those skills could help students remain in college.

“There was a recent statistic where college students were dropping out of college because of credit card debt,” said financial consultant Eddie Moore. But some teenagers have been piling up credit card debt, as well.

“What I find working in the high schools are, kids are quite comfortable using (credit) cards,” Moore said. “They have no problem shopping and having a good time, but they really lack knowledge of the card.”

Eddie Cobb, 15, and Shaakira Sargent, 16, are among a group of teens who will spend part of their summer increasing their financial knowledge.

“I buy shoes clothes and other things, like games and movies,” Cobb said.

The teens will learn about saving money, budgeting spending, giving and investing. They will set a summer savings goal, set up a bank account and donate a portion of their savings to the charity of their choice.

“I’m in the 12th grade and I’ll be in college soon, and I really want to learn how to mange my money so I won’t mess up my credit,” Sargent said.

Ohio is below the declining national average for financial literacy among teens, and Moore said he hopes programs like this help turn the tide.

“We hope to have a good picture of finances over the five weeks that motivates students to learn more,” he said.

Source: www.wlwt.com/money/16603178/detail.html

What’s your opinion about this? Should teens be required to learn money management in high school?For more information like this, visit TeenMoneyMakingIdeas.Com.

Learning Via a Home School Entrepreneur Course

Erica — Tue, 09 Mar 2010 18:33:08 +0000

The following article is from TeenMoneyMakingIdeas.Com:Have you always wanted to learn about entrepreneur but don’t know where? Do you often read about having your own business but would like a more in-depth knowledge about it? Sometimes, what we get from school is not enough. And, as much as we would like to “learn on the job,” when setting up a business it’s really important that you know a bit more of what you’re getting into.

Well now you don’t have to worry because there’s a 9-Week Home School Entrepreneur Course that you can avail of to get more skills.

The HSLDA Homeschool Marketplace is the most credible source of curriculum for the home school high school:

“The course covers many areas of interest including setting up a business plan, marketing strategies, setting prices, and much, much more! The course provides step by step instructions including worksheets and many hands-on activities. It’s a great resource to provide [a] budding entrepreneur with information he/she needs to launch a business while learning simple accounting, business skills, and advertising acumen.”

(Blog post, September 15, 2008. HSLDA High School Marketplace, Dianne Kummer, Becky Cooke)

This 9-Week Home School Entrepreneur Course provides you with a lot of resources that you can use for your business, like ebooks, video and audio tutorials, and other stuff that you can view online.

The best thing out of all this? You can study from the comforts of your own home. You can study after school when you come home, or during the weekends. You can learn in your room, or wherever you feel is a comfortable place to hang out.

82% of high school students surveyed said they would like start a home business someday…but only 75% of those had any idea of how to do it.
Learning how to start a home business is a perfect course for the homeschool high school. [Source]

I think this is one of those opportunities that you shouldn’t miss!For more information like this, visit TeenMoneyMakingIdeas.Com.

Is Community College a Good Idea to Save Money?

Amber — Sat, 06 Dec 2008 10:49:46 +0000

The following article is from TeenMoneyMakingIdeas.Com:Escaping home and attending college in another state may be the dream of many teens, but a growing number of people are starting to turn their attentions to community colleges which is a good idea to save money over the cost of state universities. There is also an increase in the number of adults with well rooted lives in their communities who want to further their education and find that community colleges offer the best opportunity for their budget and time schedule.

There are endless reasons why someone might consider attending a community college, but for most people it all comes down to a way to save money. You really can save a ton of money going to a community college near your home, especially once you factor in all of the expenses of college beyond basic tuition.

Obtaining a college education is a long term commitment which requires adjustments in your overall lifestyle, and all of these adjustments can add to the cost of your educational adventure. For someone who doesn’t have money saved up for their education and who doesn’t want to get in over their head in loans, working to pay for their tuition may be their only hope of graduating. It is much easier to pay around $800 (sometimes even less) to a community college than to come up with over $5,000 (sometimes much more) for a larger university each term.

Besides the fact that a community college will be thousands of dollars less than a state university, you also have to consider many other factors including living and transportation expenses, as well as books and other required classroom supplies. These are all areas where attending a community college could save you money.

Living and Transportation Expenses

If you live close to a large university you could still live at home to save on living expenses, but going away for college will require a lot of thought into how much you can afford to pay for housing, utilities, food, and all of the other expenses of daily life. These things don’t go away while we are in college, and in some parts of the country they can even be more expensive than we are used to paying regularly.

The best opportunity for someone worried about paying tuition is to live at home with parents or in whatever your current living arrangement is, so that you are already paying the bills and know what you can afford. For most people, this will mean going to a community college at least for now. The option to transfer to a university a couple years down the road is always open, and in fact most community colleges work closely with state universities to transfer students over smoothly.

You should discuss with an adviser while schedule coursework to make sure whatever you take at the community college will transfer into your degree program at the university when you are ready to transfer. In the meantime, you can save a lot of money on living expenses and tuition by staying at a community college and saving up money.

Driving to and from classes needs to be taken into consideration as well. Most people live reasonably near a community college, while most are rather far away from a large university. Going to the college with the least driving distance will mean less money spent on gas and vehicle maintenance, as well a greater chance that you can work your classes into your work schedule.

Every person’s situation is different, but in most cases it will be much cheaper to live wherever you currently are and go to a community college than to travel to a large university. Even if a larger college is nearby, the savings in tuition will almost always leave community college the better option as far as money goes.

If you will have to move no matter where you go, try to find roommates and rent an apartment as close to the college campus as possible. If you can find an inexpensive room to rent in someone else’s home, it could drastically reduce your living expenses. Many families near colleges regularly rent rooms in their homes and offer safe, inexpensive environments for struggling students.

Books and Supplies

College course books are likely to be about the same price no matter what type of college you attend, but some community college professors do try to use fewer books to keep the cost down. This is especially true for courses which are typically attended by adults trying to further their careers.

If you have not looked through a college bookstore yet, get ready to be amazed at the price of a single book. Textbooks are very expensive, especially for more advanced coursework where the knowledge is more in depth and specialized. Luckily, most will sell used books for a lower price.

Since students get some money back by reselling used books no matter what condition they are in, you will have plenty books to choose from for most courses. Take the time to look through each used book and you will often be able to find one that is in practically brand new condition. When the course is over you can resell it as well, though you will get only a small fraction of what you originally paid for it back. Every little bit helps when it comes to the huge investment of a college education. You may also able to find used textbooks at used bookstores off campus or online at auction sites like EBay. Just be careful that it is the same book by the same authors and that you have the correct edition, since college books are updated regularly.

Besides these two major areas of expense, there are other possible money matters that some people will need to deal with when going to college. Some of these are more often a problem for adults trying to further their education, but they can be issues even for someone who just graduated high school.

• Extra childcare while you are in classes.
• Computer or other equipment that you will need to complete homework assignments, research, or sometimes to communicate with your teachers.
• There may be non-residence tuition fees if you do go to college away from home.

A college education is a long term commitment both in time consumption and financial matters. When money is an issue community college is a good ideas to save money, even if it is just for a couple of years while you work to put back money or secure grants and scholarships to go to a four year college.

There is also the option of taking coursework from home on the internet; and many community colleges now have this option for a wide selection of their courses. This can save a substantial amount of money on gas driving to and from a campus that isn’t that close by, and it can also fit into a tight working schedule when you can’t get off work at times your classes would be held.

Getting a college education may take a lot more money and effort to successfully complete than other things in life, but it is well worth the sacrifice in the end as it increases your job potential, level of pay, and enhances every aspect of your future life.For more information like this, visit TeenMoneyMakingIdeas.Com.

How to Get Your High School Diploma at Home

Amber — Thu, 09 Oct 2008 11:31:11 +0000

The following article is from TeenMoneyMakingIdeas.Com:Obtaining a high school diploma is extremely important for those who wish to advance in the career of their choice and become truly successful. Most “dream jobs” that people hope for as children and aim for throughout the course of their lives cannot be achieved without earning at least a high school diploma. Without a high school diploma, finding a job that pays enough to support yourself and, if necessary, a family, can be extremely difficult.

Without a high school diploma, it is nearly impossible to receive any post secondary education. Universities require a high school diploma for students who apply, meaning that without your diploma, attending a university is nearly impossible. And with a university education out of the picture, achieving a great career becomes much more difficult. But sometimes, circumstances prevent students from attending high school normally. About 30% of high school students each year do not graduate for one reason or another. The income gap between those who do graduate from high school and those who do not is significant—those who don’t earn their high school diploma earn significantly less than those who do. If you are unable to complete high school, do not give up—it is possible to get your high school diploma at home even if you are unable to attend school.

Although taking the GED test is an option, many people now recognize that earning an actual high school diploma is preferable to getting a GED (General Educational Development) through testing–some universities even refuse to accept a GED from potential students. Studies have shown that those holding a GED are not statistically different from high school dropouts in earning potential. For this reason and others, earning a high school diploma is a better option for those wishing to really improve their lives and have high achievement.

One option for obtaining your high school diploma at home is through online courses, such as those at CitizensHighSchool.Com Through this website, you will earn an actual diploma, not a GED, by taking independent study courses over the internet from your own home. Although the school is based in Florida, you have the opportunity to take the courses online wherever you like. Anyone can take these courses, from teenagers to those who have been away from school for many years. It is never too late to earn your high school diploma at home and change your life. And through Citizens’ High School, you are free to work at your own pace—you could finish your courses and earn your degree as quickly as you wish, or take up to three years to earn your high school diploma from home.

Online-Education.Net is another helpful online tool for helping you get your high school diploma from home. This website has compiled information and links to various institutions online that offer educational opportunities, both in the form of high school online courses and college courses online. Online homeschooling is one method of earning a high school diploma online that is featured on this website.

Not being able to complete high school does not mean your career cannot advance and your life cannot substantially improve. Through these and other options, you can successfully complete high school and earn your high school diploma from home.

Click Here To Earn your High School Diploma at Home and Get More Than a GED.For more information like this, visit TeenMoneyMakingIdeas.Com.