It’s important to develop responsible spending habits early. Even though most people in their 20s are already in debt and their bad financial habits can be justified by youth or education (or both), you won’t get any sympathy for these bad habits and decisions when you reach the big 3-0.

Now that school is out for summer and teens are finding ways to make money, it’s important to teach your teenager how to use the cash he or she earns as carefully as possible. Whether you’ve experienced the worry of debt yourself, or you’ve been close to someone who’s been overwhelmed by financial worries, you should know just how important it is to develop good financial habits early.

Many people shop around for different accounts from time to time as a way of improving the benefits they get from banks looking to enhance their business. Banks are the most secure way to keep your money safe, build interest, and ensure you’re protected when disaster strikes.

While professional negotiators can give you some relief from the agony of extreme debt, it’s still your responsibility to assess your lifestyle and adjust your budget accordingly, so that you don’t find yourself repeating mistakes.