Today’s Teens May Be More Money-Wise Than You Think

Whether kids go to college or enter the workforce sooner, they all need to learn how to manage their money wisely. Dejan Dundjerski/Shutterstock

Teens who completed a personal finance class in high school would rather put $500 in the bank than buy a smartphone.

You read that right. With personal finance education under their belts, students are three times as likely to choose saving money over buying a cellphone. In an age of texting, Snapchatting, and Instagramming—that’s kind of a miracle.