The most added advantage of Dashain for teenagers is the money that they receive during the tika. Most teens end up spending it in the blink of an eye and very few end up saving it. A basic reason for this could be because teens do not understand the importance of saving.  Through this article, we would like to put forward the idea that the money received can be viewed as an extra source of income and how saving it can be beneficial in both the short run and the long run. 

Dashain is one of those festivals Nepalese people look forward to all year long. The long vacation and family reunions bring about a joyous atmosphere in all homes across the country. But amidst this festive season, teenagers look forward to something more exciting -- the money they will receive from their elders as Tika blessings. 

The money received during Tika can be viewed as an extra source of income. Some get huge amounts while some may not get any. But those who do get at least something often end up blowing it all in the blink of an eye. It is true that spending is lot more easier than saving, especially when you are around your teenagers and you want everything you see. The importance of saving is difficult to understand and it is not very convincing to young people. The amount earned during this time isn’t much to actually fund major future spending , so most youngsters may ask “What should I save for?”. 

A simple reason to save money is to buy something even bigger and better in the future. But saving at a young age is not just that. The teenage years of a person is a crucial time to develop good habits. And saving money is a habit that can be fostered from a young age. The pattern with which you spend money at a young age will be carried on as you grow older. Saving money for teenagers may not pay off in the short run but in the future, it will definitely be of help in various ways. At a young age, saving money is not about accumulating huge amounts of money for future consumption. Rather it is about learning and developing habits. Being able to save money makes you an effective spender. An effective spender is an able person who can effectively allocate budget according to his/her respective needs and wants. To be able to spend in a sensible manner, one must be able to differentiate between what is needed and what is just a desire. To understand the difference, one must have discipline. Disciplining oneself at a young age can reap a bundle of financial benefits in the future. Thus saving money is a key financial skill for anyone. Saving money also induces self-reliance and independence. In general, it makes teens more responsible. When you save for things you want to buy, you are automatically learning the benefits of saving. 

One can view saving money at a young age as a financial preparation for the future. Most people start earning at a young age and have access to money. If they do not develop saving habits, blowing off that hard earned money won’t be so hard. To stop oneself from falling into financial crisis in the future, fostering saving habits is essential. Developing saving habits while you are young can help you reach your money goals and become an effective spender. After all managing money effectively is the key to a solid financial future.