Money

Why do you need money?

As an adult, you’ll need money to pay for all kinds of things, including:

  • Food
  • Housing
  • Heat, lights, telephone, television, Internet access
  • Transportation
  • Clothing
  • Health care
  • School (college, technical school, night classes, etc.)
  • Taxes
  • Leisure activities (travel, hobbies, club and team memberships, etc.)

Where do you get money?

There are lots of different ways you can get money.

How do you make sure you have enough money to pay your bills?

It’s important to learn how to budget your money. Keep track of all your monthly bills and all your monthly income. When you are figuring out your monthly expenses, be sure to include money for medications, pet food, emergencies, and any other miscellaneous items you might want or need to buy. If the total amount of your bills is more than the total amount of your income, you need to either cut your expenses (for example, get rid of the cable television and eat out less often), increase your income (such as find another part-time job), or both.

What if my parents want to leave money to me when they pass away?

Your parents will need to do what is called “estate planning.” This is where they figure out the best way to provide you with money after they are gone. Families often decide to talk to an attorney for advice when they are planning their estates.

For more information about money (earning it, applying for it, spending it wisely, and saving it), check out these resources: