What do Teenagers spend their money $ on??

@dianagnes (1088)
Singapore
November 14, 2007 10:58am CST
Teenagers spent a lot of money on shopping and entertainment.What are some of the things that teenagers spend their money on? Are we seeing a generation who do not see the value of savings???
1 person likes this
7 responses
• Philippines
14 Nov 07
Most of the kids today of course are still dependent from their parents. The money they spent comes from parents or somebody in the house that give allowances to siblings. So the tendency of these kids is to spend their money because they think they could get another allowance the next day. Besides they do not understand yet the value of saving since they do not know also the value of how hard it is to look for money. maybe when the time comes, when its their time to earn their own money, thet's the time they will learn to save and value their money. More power
1 person likes this
@dianagnes (1088)
• Singapore
14 Nov 07
Its always like that,when we grow older we will then be more mature and know how to appreciate things around,like money! Thanks.
• India
14 Nov 07
I think they are mainly spending on cosmetics, clothes entertainment and food.cosmetics mainly used by women whereas all other users include men also.also i think tenns are more interested towards new gadgets also on which they spent a lot of money.nearly every weekend they prefer a new movie if not more.they also have an inclination towards the fast food.and ofcourse most of them now prefer only branded clothes.now a days you can rarely see a teenager who is interested in savings.
@dianagnes (1088)
• Singapore
14 Nov 07
Thanks for the response.All these are about trends and its true not all teens are able to control their money and save them.Thanks God that i know how to spend my money wisely..hehe!
@kykidd (6824)
• United States
14 Nov 07
Teenagers spend there money on clothes, games and perishables such as food and cell phone usage. But it is not just teenagers, I see a lot of 20 somethings doing this also. And if you check around probably some 30 somethings too. Yes, people do not respect the dollar nowadays. I think it is given to them too easily, perhaps parents and grandparents try to give them what they didn't have. I do not believe in being so wasteful, just splurging a couple of times a year on a vacation. But actually, vacations are educational and an experience I will never forget.
@dianagnes (1088)
• Singapore
14 Nov 07
Yea,its does not only for teens,people..mainly adults have this habits.Thanks for the correction.
@ahgong (10086)
• Singapore
16 Nov 07
Hi dianagnes, What do teenagers spend their money on these days? Well, from what I observe, mostly on material wants. From hand phones to cappuccino to movie tickets to bowling games to pool/billiard clubs. The way they are spending their allowance today, makes one wonder, how much are they getting everyday exactly? Most students these days are carrying hand phone models that are so new, it makes the model I am carrying look obsolete! I remember the time when I was a student, even with vacation jobs, I would think twice about paying $5-6 dollars for a cuppa at some posh cafe. But teens today would not think twice about eating at these up and expensive places. The clothes they wear are branded. The shoes they wear are the latest in fashion. Even their hair are multicolored. This is a worrying trend where the newer generation do not see the value of savings. In fact, it has been reported numerous times in the papers about how teens today are growing up only knowing about consuming and not about saving. That is why the government is sort of making some policies to ensure that people will at least grow old with some savings to tide them through their later years when they retire. Whether the generation today will grow up to be money savvy, only time will tell.
@maybebaby (1231)
• Canada
15 Nov 07
My sister is now 18 and actually has a very well paying job. She buys whatever it is she needs. She lives with my parents becasue she will be going on to a college or university program so she doesn't have to pay rent. She pays for her car and gas and insurance. Also all the clothes and outings she wants. She does save money tnough. I think that if you instill the value of saving money at a young age, children will do it when they get older. That's what my parents did and all of us are good savers.
@ptotheb (230)
• New Zealand
18 Nov 07
Hi, Being a teenager myself I'd say that most teenagers spend on things with material value. My parents have been urging me to save but I just cannot find it in me to trow away that cash for a new ipod or shoes or whatever. The reason I believe is that teenagers do not understand the value of saving. No really, even though ive heard from loads of people about the value of saving I just tend to think that I'll be earning much more in the future, and that there is no use in saving. So I guess I made my point clear on a teenagers point of view. CHEERS ;)
@dianagnes (1088)
• Singapore
19 Nov 07
Good that you are honest about yourself spending on value things.But,though you have guts saying that you'll earn more $ in future..do think bout the usefulness of savings for now and soon you wont over spent your money later..! =) Take Care!..thanks.
@ptotheb (230)
• New Zealand
19 Nov 07
Yes, I know very well the importance of saving. One reason my family has no financial problems is because both my parents saved in their time. It makes me feel kinda inferior, if you ask me.
@noriko (1254)
16 Jan 08
i think it depends on the parents. if they taught their children to save or to recognize the value of money then i think the children will be more aware of it.