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Having heard the saying from childhood, love makes the world go round is enough to
make one ponder, is it really love or money these days? Saturated with advertisements
from retailers, credit card companies, mortgage companies and fly by night get rich
schemes; it makes one wonder what really makes the world go round in the 21st century?
Love can certainly bring a sense of contentment, but it cannot buy a house, pay the bills or
college tuition for that matter. Money, however, can do all those things. Unfortunately with
accumulation of money, come additional problems and responsibilities alike. Creating a
balance of spending and saving is the key to a successful financial life. According to
Sharon K. Zoumbaris, author of Teen Guide to Personal Financial Management, It really
can be summed up in the most elementary equation: if your expenses are less than your
income, the difference represents potential savings and investments. The more you can
save, the better your financial foundation.(Zoumbaris 2000)
However, financial security means more than just cash savings in the bank account, it can
also create a sense of mental confidence and self-assurance that will serve as an avenue for
future needs, whether for unforeseen expenses or for planned expenditures. There are
several ways to manage finan
