How to Stop Teen Impulse Spending
Transcript of How to Stop Teen Impulse Spending
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How To StopTeen Impulse Spending
By Neelia Evelyn
This is NOT a free e-book. You are not allowed to give it away or
reveal its contents.
Copyright 2!" ho#eschoolradioshows.co#all rights reserved
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Introduction
$t%s scary.
The a#ount of #oney teenagers spend on nowadays - on food" clothing" #ovies"ga#es and entertain#ent.
&iving in the 2'st century" there see#s to be an ever increasing nu#ber of ite#steenagers can splurge on" at the e(pense of their parents.
)s an $nternet #arketer" #y *ob has been to study the psychological reasonsbehind the act of buying and spending. Yet at the sa#e ti#e" $ have often beenfaced with +uestions on how to stop or cut down on unnecessary spending.
,arents nowadays need a +uick fi( to co##unicate with their children" to stop
the# fro# spending so #uch and to educate the# about #oney.
o far" all the conventional #ethods have not worked. /ro# speaking to the#"using all the conventional persuasion and reward techni+ues to even i#posingli#its on their spending.
0hat parents need is to understand fully the psychology of teenagers and workon the#.
There is no better way to do so than to speak to an actual teenager who in #anyways represent your very own son or daughter. By hearing the# speak about
their issues and proble#s in an unrestrained #anner" there are #any insights tobe picked up on how to educate and solve the proble# of unnecessary spendingin teens.
By reading the rest of this report" you will get to hear about actual psychologicalinsights" so#e of which you do not know even e(isted.
This is powerful stuff" and *ust the right fra#e of #ind you need to be in toeducate teenagers of today about to#orrow.
1ead it" study it well and then try it.
You will be pleasantly surprised.
Yours Truly"
Neelia velyn
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The Interview
1ayner is a typical 3overspending4 teenager who spends the bulk of his
allowance and pocket #oney on food" entertain#ent and other #aterialistic
goods. $n #any ways" he is like all the other teenagers of his age 5'2 6 '78 and
hence his responses to #y +uestions should provide the necessary answers that
parents are actively looking for.
N9 Thanks for agreeing to be interviewed. &et:s start with a general +uestion 6
0hat do you usually find yourself spending on;
19 $t:s #y pleasure. &ots of stuff" but mostly food< followed by leisure activities
such as pool" #ovies and so on.
Secret 19 The =' ite# that teenagers spend #ost 5and tend to overspend on8 is
food and #eals. /igure out a way to cut down their food e(penditure" and you will
be saving yourself 5and the#8 a lot of #oney. One good way of doing so is to
give the# reasons for staying ho#e to eat" instead of eating at swanky and high
priced restaurants.
N9 $ see. )re those your daily > #eals or so#ething #ore than that;
19 Basically" $ tend to eat out as #uch as $ can" since school and ho#e food is
terrible 5laughs8.
N9 You see# to spend a lot on food. )re those #eals at restaurants
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N9 $ see player #ay not
see# like so#ething of ut#ost i#portance to you" but it #ay well be to the#.
Create so#ething that has higher perceived value than what they are already
spending on or saving up for< and they will not hesitate to go after it.
19 That:s right.
N9 Ao you have any #ore e(a#ples of this;
19 D##< $ have got a friend who is saving up for an ,> player" a few of the#
in fact and as a result they cut back on other stuff like eating out less" and playing
less. They really will do whatever they can to get what they want.
N9 1ight. )s a rough guide" how #uch of your allowance do you spend on food;
19 $ would say around >E of it is spent on food and #eals alone< assu#ing
that $:# not saving for so#ething $ want.
N9 $f you:re saving for so#ething you want" the figure will be lesser;
19 Yes" that:s right. $t can be lesser in fact" *ust a #atter of whether we are willing
to do so or not.
N9 That:s an interesting point. oving on to the other !E" what do they
co#prise of;
19 )round F 6 GE" or should $ say al#ost all of the rest< is spent on
entertain#ent.
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N9 0hat kind of entertain#ent;
19 $ guess for #e it will be #ovies" pool and occasionally karaoke singing.
N9 1ight. That:s about what everyone else spends on" isn:t it;
19 Yes" a lot of other people as well