How to Budget Your Money As a Teen
Use budgeting software or apps to help with calculations.. Add up how much money you earn.. Add up costs you're responsible for.
Steps
1
Use budgeting software or apps to help with calculations.
Use budgeting software or apps to help with calculations.
2
Add up how much money you earn.
Add up how much money you earn.
3
Add up costs you're responsible for.
Add up costs you're responsible for.
4
Look at your monthly statements.
Look at your monthly statements.
5
Subtract what you spend from what you earn.
Subtract what you spend from what you earn.
6
List necessary expenses.
List necessary expenses.
7
Aim for a 50/30/20 budget.
Aim for a 50/30/20 budget.
8
Find free things to do with friends.
Find free things to do with friends.
9
Leave the credit card at home.
Leave the credit card at home.
10
Eat before you go out.
Eat before you go out.
11
Wait for sales.
Wait for sales.
12
Join community exchange groups.
Join community exchange groups.
13
Pay off your credit card in full.
Pay off your credit card in full.
14
Get a part-time job.
Get a part-time job.
15
Pick up odd jobs.
Pick up odd jobs.
16
Set up a savings account.
Set up a savings account.
17
Make saving a habit.
Make saving a habit.
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