Financial tips and advice
- Open a bank account: this will help you learn how to manage your budget.
- Always keep confidential your pin number which is delivered to you with your card.
- Memorize your pin; it is safer than keeping it in your wallet or any other place.
- Always keep your account balance positive, keep at least LBP 100.000 in your account for emergencies.
- Open a savings account with the help of your parents.
- If your tutor is taking care of your account, ask about everything that’s being made.
- Earn your pocket money by offering services around the house (tidy your room, placing the dishes, watering the plants).
- Save up coins in a piggy bank.
- Save your money for a goal, so you have something to look forward to.
- You can put together significant sums by saving cash gifts.
- Use your pocket money intelligently. Prove to your parents that you are a responsible spender, and they will increase your amount of money.
- Organize your expenses depending on your pocket money, this is called budgeting.
- Register yourself at the school library to access free reading.
- Save a small amount of money from your weekly allowance. With time you will have a considerable amount.