Personal Finance for Teens
Personal Finance for Teenagers is your guide to turning money into a superpower. You’ll learn how to make, save, and grow money, avoid the mistakes that trap most young adults, and build habits that lead to independence and financial freedom. Start early, get ahead, and give yourself the confidence to create the future you want.
Responsible | John Comley |
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Last Update | 09/27/2025 |
Completion Time | 11 hours 22 minutes |
Members | 3 |
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Introduction1Lessons · 5 min
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Introduction to Personal Finance for TeensNew
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Debunking the SIX Myths of Personal Finance10Lessons · 1 hr 32 min
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IntroductionNew
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Myth 1: Get Good Grades at SchoolNew
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Myth 2: Buy a Personal House (Home)New
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Myth 3: Buy a CarNew
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Myth 4: Never Get Into Debt – NEVER Borrow Money!New
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Myth 5: Get a Good Job – Work for Someone ElseNew
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Myth 6: Save Only 10% of EarningsNew
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The EASY-HARD Rule of LifeNew
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Key TakeawaysNew
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QUIZ: Debunking the SIX Myths of Personal FinanceNew 10 xp
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Chapter 1: Money Mindset & Habits6Lessons · 1 hr
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Why Money Matters (Freedom, Choices, Opportunities)New
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Needs vs. WantsNew
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The Psychology of Spending and SavingNew
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Delayed GratificationNew
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Key TakeawaysNew
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QUIZ: Money Mindset & HabitsNew 10 xp
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Chapter 2: Earning Money7Lessons · 1 hr 5 min
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Different Ways Teens Can EarnNew
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Understanding Payslips, Wages, and DeductionsNew
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Value of Skills and Education in Future Earning PotentialNew
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What is Tax? (South African Context)New
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How to Pay Less Tax (Legally!)New
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Key TakeawaysNew
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QUIZ: Earning MoneyNew 10 xp
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Chapter 3: Budgeting Basics6Lessons · 1 hr
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What a Budget Is and Why It MattersNew
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Simple MethodsNew
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Tracking Income and ExpensesNew
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Building a Beginner Budget (Real-Life Examples)New
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Key TakeawaysNew
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QUIZ: Budgeting BasicsNew 10 xp
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Chapter 4: Saving & Goal Setting6Lessons · 55 min
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Why Save Early (Power of Compound Interest)New
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Short-Term vs. Long-Term GoalsNew
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Emergency Fund Basics (Even for Teens)New
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Creating Saving Goals (Practical Examples)New
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Key TakeawaysNew
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QUIZ: Saving & Goal SettingNew 10 xp
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Chapter 5: Banking & Financial Tools6Lessons · 55 min
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How Bank Accounts Work (Cheque vs. Savings)New
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Debit vs. Credit CardsNew
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Digital Wallets & Online Banking SafetyNew
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Understanding Interest (Earning vs. Paying It)New
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Key TakeawaysNew
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QUIZ: Banking & Financial ToolsNew 10 xp
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Chapter 6: Introduction to Investing7Lessons · 1 hr 25 min
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What Investing Is (and Isn’t)New
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Risk vs. RewardNew
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Compound Growth Explained SimplyNew
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Basics of Stocks, ETFs, and Retirement AccountsNew
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Investing in Property (Cashflow Generating Assets)New
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Key TakeawaysNew
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QUIZ: Introduction to InvestingNew 10 xp
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Chapter 7: Smart Spending6Lessons · 35 min
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How Advertising & Peer Pressure Influence SpendingNew
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Comparing Prices & Value-for-Money DecisionsNew
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Avoiding Impulse SpendingNew
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Buying Second-Hand, Discounts & Money HacksNew
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Key TakeawaysNew
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QUIZ: Smart SpendingNew 10 xp
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Chapter 8: Understanding Credit & Debt7Lessons · 40 min
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What Credit Is & How It WorksNew
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The Dangers of Debt (Credit Cards, Loans)New
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Interest Rates ExplainedNew
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The Importance of Debt: Good Debt vs. Bad DebtNew
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How to Build Good Credit (Intro to Credit Scores)New
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Key TakeawaysNew
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QUIZ: Understanding Credit & DebtNew 10 xp
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Chapter 9: Giving & Generosity5Lessons · 30 min
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Why Giving Is Part of Healthy FinancesNew
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Different Ways to GiveNew
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Finding Balance Between Generosity & Financial ResponsibilityNew
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Key TakeawaysNew
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QUIZ: Giving & GenerosityNew 10 xp
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Chapter 10: Planning for the Future6Lessons · 35 min
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The Costs of Adult LifeNew
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Career Planning & Financial GoalsNew
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Avoiding Financial Mistakes Most Young Adults MakeNew
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Building a Long-Term Vision for MoneyNew
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Key TakeawaysNew
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QUIZ: Planning for the FutureNew 10 xp
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Extra Bonus Sessions!3Lessons · 1 hr 5 min
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Life at 25 vs. 45: Planning Early vs. WaitingNew
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Building Generational WealthNew 10 xp
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Entrepreneurship - The basics of starting a small businessNew 10 xp
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