Archive for the ‘Money’ Category

Expensiv-al

Wednesday, April 22nd, 2009

It’s official – the 2009 Lollapalooza Lineup has been announced and I’m excited about the bands scheduled to perform at the summer music festival. I checked for the announcement first thing in the morning and was pleased to find bands I really wanted to see. There are certain expectations for Lollapalooza besides great music like crowds, super-high temperatures, and fatty foods; however, what I wasn’t prepared for was the price of this awesome festival. It seems that as I grow older I also grow more aware of just how much things cost. I guess this whole college tuition has invaded my brain and now all I think about is money. Anyway, the 3-day pass costs $190 and the so-called early bird discount tickets, which are now sold out by the way, cost $175. I know that this whole musical extravaganza must cost a pretty penny, but what happened to that whole recession thing I keep hearing about. You’d think an economic slump would lead to smaller prices especially for those of us who don’t have full-time jobs and are under 18. A friend of mine really wants to go, but knows he can’t afford it so I’ve advised him to hide out in a tree at Grant Park a week before the festival, which might not be a bad way to go for some teenagers. Fortunately, I know one of the food vendors at Lollapalooza and they get a handful of free passes. Sorry, didn’t mean to add insult to injury.

 

- Ruben

Movie Stimulus Package

Friday, April 10th, 2009

Economically speaking the United States isn’t in the best shape, but I believe I have the solution to our economic slump. I have two words: Hannah Montana. A new Hannah Montana movie is in theaters and I for one am hoping for a huge turnout. The last movie with Hannah Montana was just a concert and it brought in some big bucks. Is there any better way to stimulate the economy than having mobs of teenage girls purchasing tickets for a G-rated movie? I had this same hope for the Jones Brothers movie, but it didn’t do as great at the box office. Hannah Montana is our last hope to boost the economy because if this movie does well then it can open the doors for the early release of other moneymaking movies like the next Twilight movie. So please, I beg you to buy a ticket and spread the word to encourage youngsters to go watch the movie. It’s a win-win situation, people can enjoy a nice, family film and help our country in one easy step.

 

- Ruben

Splurges

Wednesday, September 17th, 2008

There are a lot of shows about wealthy teens on the airwaves these days, which I find kind of ironic given that the economy is in worse and worse shape. The proliferation of coverage about the stock exchange and the popularity of shows about the decadence of wealthy teens has me thinking, yet again, about the issue of finances.

 

When teens (like myself) have money in their possession, oftentimes what results is difficulty resisting urges to splurge on something that seems more and more like a need than a want.  It’s hard to resist buying “that awesome outfit” or the newest iPod nano. For some teens, these habits of splurging will continue until their adult lives and what then could result? Adults who continue to spend unwisely on things and become so deep in debt that they are driven to financial crisis.

 

Not everyone is the heir/heiress to a multi-billion dollar fortune. We can’t all be Blair Waldorfs with expensive wardrobes.

 

I believe the best way to combat financial crises from occurring in our later lives is to be taught both by our parents and by schools about managing our money.

 

I also think that some people are at some deeper level afraid of dealing with money because of the seemingly esoteric terms that accompany management like compounded interest and dividends. By teaching people in general about these issues, we can learn to manage our own money and not be so afraid of management.

 

- Allyson

Money On The Mind

Wednesday, August 20th, 2008

I certainly don’t like to think about money, but my parents never cease to remind me about finances. With headlines blaring about an imminent recession and the deadline for FAFSA looming over my head, I want to forget about money, but it’s impossible if not impractical to do so.

 

I was thinking about what would result if high schoolers were required to take financial classes that teach them about saving and spending wisely. On the one hand, high schoolers could just ignore what they learn in such a class (I’ve seen that happen in our mandatory health classes).

 

But on the other hand, some students might gain a lot of insight into managing their finances. Students could learn more about investments, mutual funds, and general saving/spending tips. This could address some of the problems that have caught up with the global economy.

 

I realize that people will have problems with this; I can see how some might think that parents should be responsible for this kind of education. But let’s face it: are our parents really good enough managers of finances to be able to teach us? Some may be, and some may not be.

- Allyson


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