Saving Money Tips for Teenagers

June 24, 2016

Students do not make money out of how they want it; it can either be from their parents or from doing something that they love that they managed to turn into profit. Saving money is ideal for everyone’s future. It does not only mean that they are good with money but they are disciplined as well. However, there are certain tips and tricks you can do in order for you to save more effectively. Here are some of the tips and tricks for students so they can manage their money well. 


Split the bill with friends

If you happen to go out with friends but you are at the momentum of saving money, find food which you can share the bill with them so you don’t have to pay over Php100. 00. There are places where a single meal can cost just under Php50. 00 but it would still be better if you’ll spend something like Php30. 00, right?

Save Php20. 00 everyday

Make it a habit; save Php20. 00 everyday. It might not seem like a big amount but at least you are saving money. Try adding Php5. 00 everyday for one week so in a whole week, you will save somewhere around Php125. 00; if you can do a little more, then great. Well that isn’t so bad, isn’t it?

Drink water when you eat

When you go out with your friends or when you eat at the cafeteria, chances are you’ll also be buying drinks like iced tea or cool, refreshing drinks, right? A good technique is to bring water with you anywhere you go so that you won’t have to spend on drinks anymore. It is a simple and sleek move but it makes a difference, believe me.

Read books from the internet or the library

There are people who have a habit of reading books; some even spend a lot on books that they want. Little did they know that what they read can be borrowed from the library or can be gotten from the internet. Reading is a healthy habit and activity and therefore, many students should do the act as well. But you don’t have to spend on it, you just have to look around.

Sell your skills

Some kids love playing video games, some love writing, some love studying, etc. They are kids and they do not know that those hobbies or interests can make them money. Even the simplest things like babysitting, watching a person’s car, writing an article for someone, and so on can make them money. They just need to be creative and tell people about what they are doing and it is their style from then on.

There are a lot of ways on how teens can save money effectively and efficiently. These are the simplest ways but proven to have more positive changes to how teenagers save money effectively. Saving money is not rocket science; you don’t have to think it through – you just need to be creative and positive-minded in order for them to do what they think of. What are your thoughts about this? Do you have kids who have trouble saving money? Let us know in the comments below.

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