Money saving tips for teens

1. Money saving tips for teens

2. 1. Plan Ahead • Look at your future and decide what you have to do now. • Plan your purchases, don’t make impulse buying decisions

3. 2. Set goals • Set both long term and short term goals • Give yourself a small reward once you reach your goals

4. 3. Be Realistic • Do not set goals that you cannot reach • If you a saving up for something big, make sure that it is attainable • Don’t expect to save up money easily and quickly

5. 4. Spend Money carefully • Buy things that you need. • Don’t spend money on unnecessary purchases • Don’t go on large spending sprees

6. 5. Keep track of your spending • Keep a record of how much you are spending, and how much you are saving

7. 6. Let others help you • Don’t try to do everything yourself • Ask Trusted adults to help guide you.

8. 7. Start Saving Early • The aerlier you start to save, the more you will save. • Identify what you want to save up for and start right away

9. 8. Be Prepared • Research and buy things at the lowest price you can find • Try to make a plan for what you will need to buy on the future

10. 9. Do the little things • Collecting spare change will add up eventually • Eat in inside of spending money elsewhere • Don’ buy things that you do not need

11. 10. Get a savings account • It is always good to put your saved more into a savings account. • It is much harder to access in the bank. • It is easier to keep track of