Money saving and personal finance are topics that are on the tip of most adults minds, and the reason is evident as we all use money to purchase the necessities in this life. We also use money to bestow gifts on the people we love and care about.

Springtime Cottage took some tips that we think are really noteworthy from a fifteen years old boy who loves to play video games. It is clear therefore that the way we adults act and think is totally different from the way teenagers act and think when it comes to the topic of money.

These tips are actually not his own opinions, he actually learned them from a few smart young millionaires that he follows on social media and he has lots of plans to make big bucks as soon as he finishes school.

So regardless of the longtime he spends playing video games, he is determined to make these the way of life for him. He is really not worried about his financial future because he has the world in one central location… the internet!

“One of my goals is to build my own video game app and I have most of the information I need already,” Khalpharno said.

Here is the list that you will find very interesting! Written by: Khalpharno Mills (15 yrs old!)

1. SAVE 10 % of all the money you earn.

Whether it be your salary, tips you received, allowances, holiday gift as money, side hustle money – where ever it may come from and arrive in your possession. Save ten percent of all earnings. It is called paying yourself. The more you do this the more you want to do more of it. Do this for at least 20 years and see how  great your accomplishments will be.

2. BUY QUALITY CLOTHING

I know this can be expensive but it’s better to buy a stronger clothing that lasts longer instead of cheap clothing that lasts for a little time.

3.  DONT THINK ABOUT HAVING KIDS JUST YET

Kids are expensive. It is said that the average couple spends up to quarter million on one child.
So if you are going to have kids make sure you are emotionally and financially ready.

4. MAKE SURE YOU AND YOUR PARTNER HAVE THE SAME SPENDING STYLE (AFFORDABLE SPENDING STYLE)

It’s hard for both partners to spend money on the same things. The partners are going to buy things himself/herself needs.
It’s better when both partners are on a budget.

5. RENTING IS BETTER THAN BUYING

For example, renting a studio apartment is cheaper than to save and buy a house. If you save and buy a house, when buying the house it is going to take every money out of your savings. So I think it’s better you rent for little and save the rest of your money for other important stuff.

6. IT’S BETTER TO MAKE FOOD AT HOME THAN TO BUY  AT A RESTAURANT

It seems cheap to buy of pizza for 10 dollars it might not seem like much but if you make food at home it will last longer and it can cost less

7. DON’T BORROW MONEY TO PAY FOR MONEY YOU BORROWED

This is something really stupid. I don’t even have to explain this because if you borrow more money to pay for the money you already borrowed it’s going to be an endless chain of borrowing.

8. HAVE GOOD FRIENDS

This might seems a bit off topic but having good friends can be really helpful. A good friend should know if you are in a financial crisis, they won’t bother you to go out or spend your own money and a good friend will try to help in your time of need.

9. AVOID IMPULSE PURCHASES

Purchasing items without thinking are something you don’t want to do.
When buying something you have to know you want the item and make sure it’s affordable.

10. SAVE MONEY FOR RETIREMENT

This isn’t normal saving. This is saving for when you have stopped working.
This means this is a major saving. It’s better to put these savings in a secret bank account so they can grow interested over time.

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