KPMG is committed to supporting lifelong learning intiatives in our community. Earlier this year, we launched a new lifelong learning initiative called “KPMG Money Talks – a classroom presentation for high-school students. In light of the current COVID-19 pandemic, we are delighted to launch a new virtual experience for students – the “KPMG Money Talks Video Series”.
This initiative is a 5-part series consisting of 5 minute videos, where students will get the opportunity to learn more about:
- Goal Setting
- Budgeting
- Saving & Banking
- Borrowing & Credit
- Careers & Compensation
As you get older and consider university or working, the expenses begin to increase. Money can help to support you, so it is important to make a plan.
To help set timely goals, it is best to break your long-term goal into smaller segments - medium term and short term goals.
Budgeting is a personal money management technique to help you reach your financial goals.
Some banks offer student saver accounts that don't require you to be 18 years or older, so you can deposit money you want to save from doing chores, received as a gift or your allowances.
It's good practice to pay balances on time, and to try pay as much as you can afford to pay to reduce the amount of interest you pay over time.
Think about your future. By considering the costs you'll have in your future, it can help to give you a better perspective on what you need to do from now to prepare.