Question

Shannon is a senior in high school and works part time at a local restaurant. She makes good tips and always has spending money. Her parents will be paying for her college and her car is already paid for. She knows you are taking a personal finance class and asks you what she could be doing better with her money. What do you tell her?

Answer 1

Shannon, you should save your money if you have to pay for books in college, and for your student debt that you'll get in the future. You should also save your money because when you're an official adult, your parents can't afford to keep paying for your stuff anymore.