Money Saving Tips for Teenagers

To all my teenagers who are working over the summer, may I suggest something? Yes? Great! I had my first paying job at the age of 16, it was a low paid summer job, but it taught me how to be disciplined about money and save a portion of my earnings. When you get paid make sure you divide your paycheck into 3:
1/3—pay for expenses
1/3—leave for daily spending
1/3 save for the future Simple enough.
This will help you spend within your means, while saving and having a security blanket. This also applies to your weekly allowance that you might get from a parent or a guardian. Save some of it, don’t spend everything.
Be smart about your finances and invest, you never know when you might need your security blanket.
Happy smart financing!



Ellie M.

Fun, Friendly, Intelligent Math, Writing, Reading and Exam Prep Tutor

700+ hours
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