PORTSMOUTH, Va. (WAVY) - School is out and summer is underway. For a lot of young people it's time to get that first job, but before that first paycheck burns a hole in your pocket, it's important to understand basic financial concepts.
Value and Affordability:
-Consider your individual needs and financial means
-Remove emotion from your purchasing decisions
-Analyze value in both large and small purchases
-Not a question of "Do I have enough money for this?"
-Know your short-term and long term goals
-Every time you say yes to something, you're saying no to something else
-Will this purchase challenge my preferred financial future?
-You can develop great financial habits during your summer job!
For more great financial advice, stop by any of the 15 BayPort Credit Union locations across Hampton Roads.
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