How to control your spending as a youth.

Learn the basics:

Have you ever asked you parents how the house is maintained?For instance,do you how much electricity, water,heat cost each month and how much it costs to buy food,and pay the rent?You might think such details will be boring.Remember , though,that you help incur those bills.Besides if you leave you will have to pay for these things yourself.So you might as well learn about them.Ask you parents if you can see some of the bills and listen closely as they explain how they budget for them.

Recognize the challenges:

Truly, controlling your spending is easier in theory than in practice, especially if you live at home or earn money from work.Why? Because your parents are likely paying most of the bills.So you will a lot to spend at your will.And spending money can be fun.In addition your peers may pressure you to spend beyond reasonable limits.It is natural for you to want to fit in with your friends.But ask yourself,'Am I spending with my friends because I can afford to or because I feel I have to.Many people spend money in order to boost their reputation with friends and associates.This ability can cause real financial problems for you, especially if you have a credit card.Instead of maxing out your credit card or spending your whole paycheck on one night out,why not plan ahead and calculate a limit to your spending.Also make sure you go out with friends who are careful about their money and who will you to shop around and not buy the first thing you see.

Learn from the answer no:

There are valuable lessons to be learned from the no answers that our parents give us when we need something that they can't afford.That teaches us that happiness does not come getting what you want anytime.