Make your plan

Once you give, you realize that it doesn’t take much to make a positive difference – it just takes getting inspired to do it in the first place. Good things happen from giving, both to those you help and within yourself. And, when you are giving to a cause you believe in, you’re connecting with people who have similar interests and may ultimately help you find a career doing what you love. Are you an animal lover? Do you get passionate when talking about human rights? Is there a specific need in your neighborhood or community? When you’re considering who to give to, think about your interests, do some online research, or talk to your parents, teachers and friends to find the best fit for you.

Investing for your future isn’t just vital, it’s directly related to your quality of life (health, comfort and happiness). It’s key to your financial independence, and is the money you’ll live on when you’re older. Investments can include things like real estate, stocks, bonds and mutual funds. Luckily for you time is on your side, so not only are you building your knowledge and experience now but you’re more likely to become a competent investor as each year goes by. The more you invest, and the more you learn about how to do it well, the sooner you may be able to reach financial freedom. Start early to get ahead and reach your long-term goals.

There is no assurance that any investment strategy will be successful. Investing involves risk including the possible loss of capital.

Whether for a car, college tuition or a trip, saving gives you the chance to set and achieve your short-term goals. Like with investing, the sooner you start, the better. Here’s where self-control comes in to avoid spending money you don’t have to impress people. Make sure you are the one who really wants what it is you’re looking to buy. Researchers have shown one of the best ways to develop self-control is by saving – and doing so while you’re young is one important indicator of your future financial success. Saving is also related to lower stress levels and can give you greater optimism about all your future holds.

Consider this your checking account that pays for your expenses such as rent, food, transportation, clothes and your cellphone bill. You’ll also want to make sure you set aside some of this money for fun, which is one reason you want to manage this category well. We make so many small decisions each day that relate to everyday spending, so develop good habits now that will help keep you from overspending – which can keep you locked in a vicious cycle of bad debt.