The most important part of saving as a teenager is getting started. Trust me when I tell you that you will thank yourself in the future for starting early.
Being a teen is an important stage in your life. Not only are you gaining more responsibility and encountering new social situations, but you’re also forming a big part of your relationship with money.
It’s vital to keep your money well protected. Saving lets you have money even when you don’t need it. This is better than needing it and not having it.
The money you should save tends to disappear when you mix it with money that gets spent. To avoid this, plan out what you want to purchase and how much money you need to save up right off the bat.
Getting more money coming in is one of the best ways how to save money fast as a teen. If you’re struggling to earn money to save, consider looking for a part-time job. Many places hire teens as young as 15.
This means being mindful of every penny you spend, and where it goes. There are a few different ways to do this. You can use a spreadsheet, or use an app on your phone.
Good money management for teenagers can start small and close to home. Set realistic, achievable goals for your money. Having an unrealistic savings goal makes saving feel much harder than it has to be!