Budget Tips For Teens

By Garice P.

Tip #1

Keep Track of what you buy for a month. Write it down in a notebook.

Tip #2

On your List of what you bought, Cross out all the unnecessary purchases.

Tip #3

Subtract all the necessary purchases from your monthly income, or allowance, The amount left is your Monthly budget.

Tip #4

Find ways to make money, things like a summer job or a garage sale.

Tip #5

Try to save your money for things that cost a lot of money, like a car

Tip #6

Keep your money somewhere safe, like in your room. Out of sight, Out of Mind

Tip #7

Avoid going out too much. You can still go out and spend money, but know that you can use that money for something better
How to Budget: Tips for Teaching Your Child to Budget