7-2-I-Search-Arian+Florez

= Managing Money Effectivly = by Arian Florez

===**Introduction: Whenever I get my allowance from my mom, I always wind up spending it on games or junk food. No matter how hard I try to save my money, I always give in and spend my money. Although I get to enjoy my purchases once their bought, I have to survive the rest of the week with no money in my pocket. So I decided that I wanted to find out more on saving and investing my money wisely. When my technology teacher became aware of my subject,she lent me a book that helped answer my questions and much more. This is where my journey to well spent money had began. **===

**Body:**
= = ===** While reading through the book I borrowed from my technology teacher, I learned that a good way to save your money is to make a chart of all your expenses. By doing this, you can keep track of everything you buy and keep track of what your money is being spent. If you have any expenses that you feel aren't actually that important, then cut down on them. It is important that every time you receive money whether it be from your parents,relatives, or a job; it is important that you set aside a certain percentage of that money so that you can save for long-term or short-term goals. For example, buying a new video-game is considered to be a short term goal because you save of up weeks or months unlike buying a car which is a long term goal because it might take months or years to save up for. I wanted to make sure that I found out all the information there was to saving money so I went to a bank and interviewed a banker that asked to remain anonymous. My first question for him was one that has been on my mind for a long time. I asked " Does age affect what we choose to do with our money?" He told me that it also depends on the maturity of the adult but mainly there is a difference between how money is spent by adults and children. Children tend to waste their money on accessories or new gadgets that in the end are worthless and don't help them at all in the long run. Adults, on the other hand tend to worry more about more important things such as paying the bills or saving up so that their children can go to college. Adults save most of their money rather than spending it like most children do. I thought this was pretty acurate because I know how people my age think when it comes to money. He was a bit short on time so I only had time to ask him one more question but thought it to be a very important question. I asked him " In your opinion, do you think enough children are aware that they can buy stocks at any age?" He told me that most kids don't know much about the stock market. I think this is also true because as it is, up until researching my topic I didn't know that children were allowed to invest in the stock market. By now, I was pretty much convinced that managing money has many major components, most of which I probably still wouldn't understand. **===