Budget Tips For Teens

By Gus Martin

Why teens should budget

Good budgeting skills will help teens effectively manage their personal finances. The earlier they begin keeping a budget, the better. Encouraging your teen to develop one helps them become more accountable for their own finances.

Simple changes in your life that will save you a few bucks:

  • Resist impulse buys.
  • Don't go shopping with friends who spend a lot.
  • Tote their lunch to school (or work) as much as possible.
  • Stay away from vending machines and convenience stores.
  • Only visit an ATM once a week (plan ahead for needed cash).
  • Entertain at home.
How to make a budget and stay on top of your money