Budgeting Advice For Teens

Become conscious of what you spend your money on each month. Make a list of everything you buy in one month.


Cross out any unnecessary items from the list. Only include things you absolutely need, such as gas money to get to school, lunch money, etc...

Big image
subtract your necessary expenses from your monthly income. The amount left is your monthly budget. Use this to allot certain funds for various "fun" things or items.


Keep any debit or credit card somewhere (safe) in your car instead of in your wallet when you go shopping. In other words, out of sight, out of mind.

Big image
Keep some cash on you for emergencies and for just going out with friends.Try to make the cash last for as long as possible. Don't blow it all on one night.
You can shop, just wait. A lot of stores have big sales at the end of a season. If an item (like a shirt or pair of pants) is expensive, wait a few weeks and the price will probably be marked down. If you're an online shopper, look for special deals like free shipping or monthly discounts.
Big image

Don't go somewhere you are tempted to spend your money. Do not go to the mall every weekend "just to look", because for most people, that only lasts for so long.

Big image
BizKids 1.16 Budgeting Basics