10 Money saving tips for Teenagers

Tip 1:

When you purchase something, online or in store, you should write it down in a note book or type it somewhere in your laptop so you keep track of how much you are spending and what are you buying and if you really need it.

Tip 2

If you are short on money buy things you absolutely need such as food and clothes. Don’t waste your money on things you want such as video games and sports equipment. You can buy a couple things you want each month.

Tip 3

If it is your best friends birthday coming up or fathers day and you are short on money, instead of buying items at the store you should make your own presents or give them something you don’t need anymore. You will save loads of money doing this will keeping the people around you happy!

Tip 4

Don’t bring a lot of money with you when you go shopping or out to dinner. When you bring less cash then you have less money to spend so otherwise you save a lot of money. Say don’t bring $300 shopping, maybe bring $150 so you save some money you will need in the future.

Tip 5

When you are working and finally get a pay check, don’t put all that hard-earned money to waste. Put at least 60% of the money you earned away in your bank or somewhere you cant spend it earlier. By doing this you will save thousands of dollars and you will look at your bank account when you are older and think of how smart you were with spending money.

Tip 6

Make a list when you go shopping and stick to it. Before you go out to shop for items you enjoy, write down a list of things you are going to buy for sure and stick to it. By making a list and sticking to it you will save money to use for essentials and also spare money you can put away for later.

Tip 7

Eat at home instead of going out. When you are in your late teens and just moving into a new apartment or new house, eat 90% of your meals at home. Eating out is a lot more expensive and it is high in sugars, fat and sodium. You will save money and be healthier!

Tip 8

Repair clothing instead of replacing it. When you get a gigantic rip in your beautiful new blazer, don’t through it out and spend another hundred dollars on a new one. Try your best to repair it and if you cant, take it in to a tailor to fix. By doing this you will keep you r old clothes and also save money!

Tip 9

Use the ten second rule. When you are about to buy something from a store, stop and think for ten seconds to ponder your options and thoughts you have with the item. If you still need it, of course you should buy it but if after ten seconds you had other thoughts you should put it back.

Tip 10

Don’t go to many professional sports games or activities. You should try to watch professional sports at home. Food and admission at sports games are extremely expensive most of the time. If you are on a low budget stay home and watch the game on the television or on a computer if that’s possible because it will save u a lot of money.

Thank you for watching!!