Posted by Robert on December 10, 2012 I was teaching Junior
Achievement to a class of 12 year olds this past week. I had a
lot of fun, because we were talking about how to handle money,
and the kids really responded well. Many of them seem to be
quite responsible already, and it (somewhat) restored my faith
that our nation isn’t going to hell in a handbasket because of
adults who are all hopelessly in debt. We had a number of
discussions about how they decide to spend their money. Do they
spend all the money they get, or do they save some? Most of them
save at least some of their money. A few have goals of things
they’re saving toward, such as a game console or a remote
control car. One saves all his money and has over $500. Even the
ones who spend all their money explained that they save their
money until they have enough to buy what they want, then spend
it. Do they buy new or used? Some of them prefer to buy new
because of quality and durability. Some prefer to buy used in
order to save money for other pur