Money saving tips for teens

1. Plan Ahead

• Look at your future and decide what you have to do now.

• Plan your purchases, don’t make impulse buying decisions

2. Set goals

• Set both long term and short term goals

• Give yourself a small reward once you reach your goals

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

4. Spend Money carefully

• Buy things that you need.

• Don’t spend money on unnecessary purchases

• Don’t go on large spending sprees

5. Keep track of your spending

• Keep a record of how much you are spending, and how much you are saving

6. Let others help you

• Don’t try to do everything yourself

• Ask Trusted adults to help guide you.

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

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

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

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