I’m only 13 and I’m worrying about my future. Not in an academic kind of way, but in a financial one. Yes, kids have financial fears too! That’s because there are certain things that terrify me about growing up and living on my own. Here is a list of the top five financial fears that make a kid like me nervous for the future:
The thought of paying taxes absolutely terrifies me. I don’t know if its because Im afraid I wont pay them off or some other reason. The word “taxes” itself sends shivers up my spine.
My dad has always told me and my brother that it’s important to always spend less than you earn. I can understand that. But what if I can’t? I’ve been a good saver in the past, but it’s getting harder as I get older. I know I need self-control, but if I’m starting to lose that now, what makes me think that I’ll have it in the future?
Going into debt
Not being able to afford my house, my car, or anything else I enjoy seems really scary. Going into debt is a big reason why I don’t ever want to move out.
Forgetting to pay bills
You know, I never really worried about paying bills until my dad told me that if you don’t pay them, sometimes people can take your stuff away. What if I forget to pay them? I’d hate to lose my house or a car. I’ve made some mistakes in my life, but forgetting to pay a bill would be the worst.
Losing my job
I want to be a vet when I’m older. But if I don’t have my own business, and I end up working for somebody else, I could lose my job. No job equals no money. No money means I can’t pay my taxes and bills. Unpaid taxes and bills will lead to an unhappy life.
I think its good for me to be thinking like this because it makes me open my eyes and I’ll be more aware of what’s going on. And I want to be successful in life. So I want to be financially free like the people I’m surrounded by everyday. I know that if I want to overcome my financial fears, I’ll need to prepare myself.
I think I can do it. All I have to do is stick to my plan.
(This article was written by my daughter, Nina, and originally published on 24 April 2013.)
Photo Credit: bixentro