What does Personal Finance mean to you?

Bay Path Marketing students discuss what personal finance is and why it is important for teenagers to learn about.

Hey everyone welcome to our channel today we’re going to be talking about personal finance janelle what do you think personal finances i think personal financing is like budgeting your money and knowing how to use it or what you need and not what you want i believe personal finance is taking a look at your month and your income and planning a budget around all

The bills and expenses you have to pay now that we’ve seen janelle and zack’s idea of what personal finances let’s hit the books the technical definition of personal finance is the financial management which an individual or family unit performs to budget save and spend monetary resources over time now let’s take a look at what teenagers think it is versus adults

Let’s just go again what do you think of when you hear the word me i think about income paying your bills putting my way to savings being able to balance your wants and your needs how does my personal finance so if you don’t know what you’re saving for if you don’t know what your money goals are if you don’t have a plan you end up living on a money and money out

System which leads to debt which leads to poor money habits which means to no down payments for our house no saving for retirement just other poor life decisions why did you choose your career back i just like around because i love math and i wanted other people to have the passion of math and june july and august didn’t hurt but for mainly teaching math to others

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So they enjoy the subject i love here with rachel and what do you think about when you hear the term money um i think about some finances and the economy and what do you think about when you hear the term personal finance personal finance how how iffy mine is um i don’t know a whole lot about mine but i hope it’s doing well and then what do you want to be when

You grow up um i want to be an interior designer now let’s take a look at the differences between these two interviews mrs gogan the math teacher from the first interview knew quickly what personal finance was she knows this due to years of experience in the job field knowing how important it is rachel had a vague idea of what personal finance is but she did not

Know the technical definition like mrs gogan did as you can see over the years you learn more about financing and why it is so important now let’s take a look at two more student interviews so i have anna with me we’re going to be asking her a couple questions about personal finance anna our first question is what do you think about when you hear the term money

Money is the basic essential to life and what is knowing about personal finance can help you when you grow up well i think personal finance syllable responsibility and like how and like when you spend your money because you obviously don’t want to spend too much money and you want to just like balance it out good and then our last question is what do you want to

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Be when you grow up i want to be a nurse when i grow up so the second person we have with us today is kirsten kirsten what do you think about when you hear the term money shopping what do you think personal finances and how is it going to help you in the future um i think personal finance is your own like taking care of your own money and then it’ll help you in

The future by keeping you out of debt and saving money and then what do you want to do when you go up i want to be a teacher for younger kids how did you like those interviews what i took away from those is that when teenagers think of money they often think of spending rather than saving that is exactly why we need to start saving now the sooner you start saving

The more money you’ll have later in life start planning financially set up some girls with your money and become a smart saver and that’s all for today on personal finances with baypath marketing make sure to like and subscribe with the notifications on follow us on twitter facebook instagram and tick tock and remember save save foreign

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What does Personal Finance mean to you? By Bay Path Marketing