Steps Teens can Take to Prepare for Financial Independence-Shaun Stenning
                     Steps Teens can Take to Prepare for 
Financial Independence-Shaun 
Stenning
Shaun Stenning
INTRODUCTION
It's been clear for a few months that teens today are ambitious and enterprising. It's clear 
that teens are digital natives and have a strong grasp of technology and social media.
"Unfortunately, there's one area where teens feel less optimistic: Money," Shaun Stenning 
stated.
A survey conducted by Junior Achievement in 2013, an organisation that teaches kids about 
money, found that 25 percent of teens think they won't be able to support themselves without 
parents until they turn 25 or 27. A further 59 per cent believe they can support themselves 
between 18 and 24.
This pessimism about financial independence in the future is partly a result of teens' high 
unemployment rate. Teens can achieve financial independence with some help from their 
parents.
These are some Shaun Stenning tips that every teen can use to help them prepare for 
financial independence as adults.
Here's my suggestion for helping 
you improve your grades.
Get Good Grades
It would be best if you had high grades before you could do 
anything else. As a teenager, this should be your top 
priority.
It is very important to graduate with good grades and be 
able to go to college if you decide to.
Get Organized
Don't procrastinate, and get organized. As long as you do 
your homework, it's easy to pass your classes. Students 
often forget something or don't do something, affecting 
their grades. You'll be fine if you show up to work.
Financial goals
Financial goal-setting is one of the best 
ways to learn about finances. Teens can 
be helped by their parents to set realistic 
financial goals. These could include saving 
for an iPhone or donating to a college 
fund.
Keep track of your spending.
Uncertainty about where your money is is 
one of the greatest obstacles to financial 
independence. It's easy to spend a lot of 
money without financial awareness.
Open a Roth IRA
A Roth IRA is open to any teen earning 
income, that is, money earned from a job.
Get started investing
It's important to get teens involved in 
investing, but it's equally important that 
they feel comfortable with the process.
While still living with their parents, teens 
can make great strides in preparing for 
financial independence. You can start to 
practice good money management.
 
 

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