When I was a teenager I had no clue about money. If I got it, I spent it immediately and that was that.
Even as an adult,we can all agree: The restraint it takes to save money is a skill!
Fourteen-year-old Janessia is starting early. She heard what financial guru Alexa von Tobel had to say on the Rachael Ray Show last year: If you save $5 a week, you'll surely have a substantial stash after just one year.
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So Janessia got to work and saved all the chore and birthday money she earned over the course of the year. She went back to the Rachael Ray Show with her stash and told the host that she estimated the stack of $5 bills amounted to roughly $200.
But Janessia and her mom were about to be surprised by the real sum of money they'd brought to the show. The high school student had saved up a whopping $1,400!
Both she and her mom were stunned, and Mom was especially proud that her daughter was learning such an important lesson so early in life.
Please SHARE this video with teens you know to encourage them to save their money, too!
