By: Author Amanda L. How to save money as a teen? Especially when their income might change week-to-week, or even be non-existent? But there are some special challenges that can come up when teens actually try to consistently save their money. You spend less than you earn. I call this your Savings Space.
How to save money as a teenager so you can get yourself a car, pay for college, or take a trip
How to teach teenagers about money
Last Updated: May 10, References. With over five years of experience, Trent specializes in financial planning and wealth management as well as personalized retirement, tax, and investment planning. There are 10 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. As you get older there seem to be more and more things that you want, but not enough money to get them.
How to save money as a teenager in 5 simple steps
It can be hard to save for your first big buy—especially when cash is limited. You just need a little patience and a plan. Do some research to find out exactly where you can get the best deal and how much it will cost.
You can start to save money as a teenager to pay for the things you want and to get a handle on your financial future. While some teens are lucky enough to have their parents fund their expenses, not everyone has that luxury. However, you can if you start saving your money. Here is how to start saving money as a teenager!