Chi Jin ting - 'Head for the atm: automated teller mums'.

Summary:
During the June school holidays every year, it is not unusual for teens to spend a bit more. They need cash for those lazy weekdays spent at the movies, shopping malls and restaurants - instead of the classroom. For most teens, that's a no - brainer.
Most of them spend money on food. A few newspaper reports this year have pointed to examples of excessive spending by teens. Some, like Gregory, are opting to dine at fancier eateries, instead of the school canteen. Others empty pockets for romantic gifts.Most teens spent up to $30 on dates with their love interests. Experts generally agreed that teens tend to splirge because most don't earn their extravagant lifestyle.
Most teens get their pocket money from parents and they spend it on outings with friends and buying material goods to look cool and trendy.
To track teen spending, for one day, the teen spenders had to account for every cent spent-from bus rides, to drinks and knick-knacks.They spent it on transport, movie tickets and food.
Tips to save from experts:
1. Set a goal of saving at least 10 per cent of your allowance or income from part-time jobs.
2.Be disciplined. Buy what you need and not what you desire.
3.Don't succumb to peer pressure. Buy what you-not others -can afford.
4.Practise planned purchases, not impulse purchases.
5.Reward yourself by buying something once you have achieved your saving target.



My Response:
After I read this article, I feel the same. Nowadays, the standard of living and the quality of life of people are generally high. So people want to have more luxurious and comfortable living conditions. Girls want to buy more fashionable and stylish clothes, accessories, watches, wallets or maybe body shape, they concentrate more on their appearance, how they look, what wearing make them looks nice so and so on. And Singapore has many public and school holidays, so that students, teenagers and adults can go shopping more often. But what I think is, we are teenagers, not everyone of us has the ability to make money for ourselves to spend on all things we want, all the money that we spend now is our parents', they work very hard to get their salary, I think we should save parts of it for ourselves, at the same time, to have a habit - save money all the time. We had better do a financial plan per month, make our money more useful and effective.