To all my teenagers who are working over the summer, may I suggest something? Yes? Great! I had my first paying job at the age of 16, it was a low paid summer job, but it taught me how to be disciplined about money and save a portion of my earnings. When you get paid make sure you divide your paycheck into 3: 1/3—pay for expenses 1/3—leave for daily spending 1/3 save for the future Simple enough. This will help you spend within your means, while saving and having a security blanket. This also applies to your weekly allowance that you might get from a parent or a guardian. Save some of it, don’t spend everything. Be smart about your finances and invest, you never know when you might need your security blanket. Happy smart financing!