A typical teenager spends several hundreds of Euros a year mainly on clothes, food, mobile phone calls and entertainment. Mostly teenagers will be still at school but upon reaching and entering post-secondary education, they will significantly increase their purchases. Therefore they engage in part-time jobs but those who work full time may spend more because the amount of money in their pockets is greater.
Most teenagers are not well-prepared to make their purchases wisely. Some teenagers waste hundreds of Euros a year on purchases that do not represent good value. Much of this money comes from the hard-earned savings of their parents. Therefore it is valuable to increase the awareness and appreciation to this age group with regards to the financial challenges faced by parents Last updated: Sep 07, 2016