Budget Tips for Teens

by 126918

Tip 1

Make a list of everything that you purchase within one month. This will help you keep track of where your money is going.
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Tip 2

Cross out any unnecessary items from your list. In order to save money, you should only be purchasing the necessities and setting aside money for things you want, but are not needed.
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Tip 3

After creating a proper budget, create a list of things that you would like to purchase, but can't afford at the moment. Setting these goals will help you stay on the right track and stick to your budget.
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Tip 4

Don't go places where you might be tempted to spend your money. People often tend to impulse buy, or purchase something without much reason or thought behind it. Help yourself save money by preventing this.
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Tip 5

Find things to do that don't involve spending a lot of money.
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Tip 6

Avoid going out too much. If you have a car, this will help you save money on gas. This will also save money that you might spend on whatever you're doing.
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Tip 7

Find new ways to get more money. This can involve getting a job if you don't already have one, or doing tasks around the house if your parents are willing to pay you for it.
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