9 Tips for Saving Money as a Teen

Published on by Tryphena

As most of you know, my resolution for 2018 is to practice saving more money for trips and college etc. Saving money has always been hard for me, but I’ve come up with 9 tips to make it oh so much easier!

Saving Money as a Teen

Create a Budget

Make sure that you know how much you have to spend and how much you need to save. Keeping track of your accounts is one of the most basic and easiest ways to save money.

Don’t Spend on Weekend Fun Every Time

I know, as a teen, that its easy to spend all of your money during the weekends. Maybe on Saturday you go to the movies and out to eat, and on Sunday you go shopping with friends, and all of a sudden all your money is gone by the time you get to Monday. There are plenty of free, fun, and exciting things to do.

Carpool As Much As Possible

If you’re old enough to drive a car, you might have figured out that spending money on gas can be expensive. Try to carpool with friends as much as possible and split the costs.

Buy Things Used

You might be surprised how much cheaper it is to buy things used. Shopping for a cool new outfit? Try the thrift store.

Figure Out What You Want to Do Before College

So many teens spend a fortune while going to college because they don’t know what they want to do and so they keep on spending a fortune on classes. Try to figure out what you want BEFORE you go to college. Think about what your interests are. If you’re not sure what you want to do, you can take a quick and easy free career test here.

Apply for Scholarships

Like I said before so many teens spend a fortune while going to college, but once you know what you want to do you can apply for scholarships that fall in that category. So many scholarships don’t even have people applying for them. I suggest using Scholarships.com They ask you what your interests are and then give you scholarships in that category!

Avoid Going to Malls

I don’t know about you, but what I’ve discovered in my many trips to the mall is that they are super expensive. We’re talking way expensive here. Yes, its the cool thing to do, but you might not be so cool anyways if you don’t have any money.

Know the Difference Between Wants and Needs

This one seems basic, but really, it isn’t. Do you really NEED that new outfit that everyone’s wearing or do you just want it? Do you NEED to go out to eat, or can you eat at home? There’s many different ways to look at wants and needs.

Try The Coke Bottle and Dimes Challenge

I’m very much in favor of this and am going to do it myself. Basically you take a coke bottle and fill it up with dimes, and when its completely full, you’ll have around $600 in dimes! I think it’s a great way to save up money!

Thanks so much for reading, and don’t forget to follow my blog, like this post, and comment below some tips YOU have for saving money!

Have fun!

Tryphena Mundell

33 thoughts on “9 Tips for Saving Money as a Teen”

  3. Thanks for the tips! I’m trying to save money, so some of these tips will be very helpful!

    ~ Arabella (anythinginthewonderfullife.wordpress.com)

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  7. Awesome tips! Another thing I’m trying this year is organizing my money into envoples, so that way hopefully, I only spend what’s in my spend envelope. 🙂

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  8. Oh wow! $600? I’m a Brit so our currency is different but that’s so cool. I’m not really spender anyways, when I was eight years old, I saved £167 when my brother had £50 because he spends so much.
    Thanks for the tips though! The difference between wants and needs is always good to look at.
    Erin, x

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