Contribute To High School Money Book: Part One

I announced HERE that I am in the process of writing my next book.  It will be a book that is addressed to high school students, and I am sharing 12 Things I Wish I Had Learned About Money Before I Hit The Real World

That is not necessarily the title, and it might end up being 10 things or 15 things.  All I know is that I want (and need) your help in writing this book!

For the next five days, I am going to ask you to take a couple minutes of your time and share some things you wish you would have learned about specific money topics.

There will be two ways for you to share your idea – in the comments or by clicking "E-mail Joe" at the top of the sidebar here at

Part One  Planning Your Spending

Here is the question that I want to hear your thoughts on today:

What do you wish you would have known about planning your spending by the time you graduated high school?  Share stories!

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  1. Angela on May 8, 2009 at 4:26 am

    Okay my comment will be different than most but it speaks with what you are doing. I am thankful for my parents teaching me about money in high school. Starting as long as I can remember whenever I earned/received money I tithed 10% (min)and then split half to spend and half to save. This continued through high school so I learned how to live within my means. In 10th grade my Dad marched me to a bank and I opened my first bank accounts. For the next 3 years I had to balance my checkbook, keep a min of $100 in the checking account and was never allowed to touch my savings (except to add). Each month my records were checked by 1 parent or another. I had to proved where I tithed, added to savings and checking. Now I see that it was teaching me accountability and discipline.
    Each year in high school my Dad added a new banking/financial feature to master. Budgets, credit cards, compounding interest, money markets, bonds etc. By Senior year I was creating and following budgets and creating saving plans for different things I wanted to purchase. Monthly I received Money Management and Kiplinger financial magazines until I got married.
    Now as a parent I intend to teach my kids the same. I could not believe as a freshman in college how many kids could not manage money. I was the only one in my dorm and began sitting down and helping other girls learn how to manage their finances. I love what you do and constanting recommend others to your website and books. Keep going!

  2. Tina Harkey on May 8, 2009 at 10:00 am

    I think one of the biggest things is planning for the expected that you don’t think to expect presents to be purchased(friends birthdays, Mother’s day, Father’s Day and Christmas, etc.). Making sure I saved money for gas, for insurance, checking my tire wear, my oil, etc. If your parents aren’t paying for your car expenses you need to know how to plan for those which should be expected expenses.

  3. Debbie on May 8, 2009 at 10:33 am

    I wish I had known that when you tell your money where to go, instead of restricting, it’s actually freeing. I thought it would mean I would always have to be “frugal” with every cent, didn’t realize that healthy budgeting includes money to blow and that you can actually plan in fun activities, etc.

  4. Do You Dave Ramsey? on May 8, 2009 at 12:34 pm

    Great place to start…. an easy item to overlook.

    My first bit of advice or lesson I wish I had learned is just that… to plan my spending.

    But hold on, this is not a rush job. This is not PlanYourSpending… but rather go slow and let the words sink and hit their mark, more like:

    …Plan….Your… Spending…

    Be intentional. Money will enter your hands and your life but just as you worked to grasp them do a little work to determine how you then want to release them.

    Money is a tool, like a hammer. You can hit with a hammer or be hit. If you invest energy and effort in viewing it that way you can start to understand the power it can yeild.

    Craft a budget and spend time with it each pay period to ensure you are behaving according to plan.

    Planning and budgeting is like getting out of bed in the morning. Sometimes it’s tough but it’s the only way to get something done.

    Ok Joe, I didn’t mean to write the chapter but hopefully you’ll enjoy and be able to use some of this.


  5. Melinda Meyer on May 8, 2009 at 3:45 pm

    I wish that someone would have told me to make sure that you contribute to a 401K plan when you have your FIRST CHANCE. Compounding interest and the teach the concept that you can save first and it will build up in the future.

    People often said I don’t make enough to contribute cause I can barely afford my expenses. I said just think of it has going to lunch once a week or a coke every day. Especially if the company matches something.

    So, I would say it would be that putting money in an account that builds interest. The car example is a prime example

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