Derek is a high school student who is currently taking a course in personal finance. He knows that he should be managing his money from his part-time job better. He has learned about saving and budgeting, but he continues to spend all of his money on his car and going out with friends. He knows that someday he’ll have to be more responsible, but right now he thinks he should just enjoy being a carefree teenager. Why is it important for Derek to manage his money well now instead of waiting until he’s older? Required Case 5: 1. Decisions 2. Eliminate 3. Financial benefits 4. Financial mistakes 5. Future 6. Goals 7. Learning 8. Living paycheck to paycheck 9. Manage 10. Money 11. Normal 12. Plan 13. Pocket 14. Promote 15. Spending