MONEY MISMANAGEMENT BY TEENAGERS AND YOUNG PEOPLE AT SENA CTAPT

Resumen

Financial education is globally recognized as an essential life skill and the process of financial knowledge comes from family and school. (Fernando et al., 2024) However, tuition in this regard is scarce. Also, at school, teachers don’t usually teach financial education to adolescents and, as a result, they don’t know how to manage their finances effectively, which can head them up to bad financial habits. Moreover, teenagers and youth are callow, consequently social pressure and impulsiveness can make them make bad decisions about money and how to invest it. And this behavior is seen at SENA, an institution full of teens. Many of them mismanage their money and spend it very fast. One reason could be that this money comes from their parents and not from their effort.  Therefore, they don’t mostly care if they waste it. So, if they want to buy whatever they want no matter the consequences, they will do it. This is a big problem because, in the future, they won’t know how to manage money properly. (Kilroy, A., 2024) This investigation was created with the purpose to educate teenagers about the disadvantages of wasting money and give them some tips to manage their finances very well.