Budget Tips for Teens

Seven helpful tips for teenagers looking to increase wealth

Tips on Saving:

1. You should try to save at least half of your cash inflow per month.

2. Put your saved money in your own bank account and watch interest rates increase.

3. Keep a "College Fund" and a separate "Emergency Fund" in case of hard economic times.

Tips on Spending:

1. Ask yourself the question: "Do I really need that?" before purchasing something.

2. Try keeping close spending records to know how much money you have.

3. In order to find a steady income, you should try finding a minimum wage job to start.

4. NEVER spend anything from either your "College Fund" or your "Emergency Fund" unless absolutely necessary.

2 Broke Geeks - Tips for Responsible Spending