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November 5, 2008

Personal finance urged for Oregon schools

Kimgerly Melton:

Since she started working at the mall six months ago, Joy Stout has come close to draining her bank account to buy clothes and eat out with friends.

The Cleveland High School senior hoped to save about half the cash from her weekend job at Jamba Juice in the Lloyd Center but found she was going paycheck to paycheck.

She's getting better -- her parents encouraged her to open a bank account and keep track of where her money went. And this fall, only a couple of months into her first personal finance class, she's learning lessons about spending and saving that can take years to master.

"When you are trying to figure out whether to buy something, you got to ask yourself if you want this or if you need it," says Stout, 18. "If you only want it, is it worth spending on if you could save money for later? I want to save money to have a car."

Posted by Jim Zellmer at November 5, 2008 1:31 AM
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