Mikita Urges 5 Money Lessons for Teens 13 to 15 as Digital Payments Speed Early Choices
Updated
Updated · The Times of India · Jul 22
Mikita Urges 5 Money Lessons for Teens 13 to 15 as Digital Payments Speed Early Choices
2 articles · Updated · The Times of India · Jul 22
Summary
Five money concepts should be taught before teens start earning, Mikita said, arguing that 13- to 15-year-olds now make financial choices earlier through online shopping, social media and digital payments.
Debt is a central lesson: she said teenagers need to distinguish borrowing that builds long-term value—such as for education, housing or business—from credit-card, EMI and buy-now-pay-later spending that can deepen stress.
Risk and reward should be taught together, she said, so teens can question quick-money pitches and understand that higher returns usually come with higher chances of loss.
Lifestyle inflation can start with allowances, birthday money and side earnings, not just salaries, making adolescence a key stage for habits like delayed gratification and splitting money into spending, saving and giving.