Budgeting Tips for Teens

By 119018

7 Tips to Manage a Budget As a Teenager

  • Include only items that are necessities (needs over wants)
  • Record all expenses (Save receipts)
  • Control impulse buying (Compare prices, wait until a sale, etc..)
  • Bring a lunch to school, or work, to easily eliminate expenses
  • Plan to save money as much as possible for spontaneous expenses
  • Avoid going out places that require spending too often
  • Look for ways to make money (A job, garage sale, babysitting)
  • Be flexible. ( Save money for unexpected changes in cost)
Budgeting 101 for the Financially Wise Teen