As teenagers, we always want to spend money but we are not able to save well. It is important that we begin to save money so in the future we can do anything we want. But it is not as easy as that. We just need a little help and a few tips and tricks. Here’s how to save money as a teenager.
How to save money as a teenager
Start a savings account
I think this is very important. Starting a savings account means that you are serious about saving money. Just by adding money every day or week to your saving account means that you can start to save a lot of money. This is really and truly the first step that will lead you onto the path of saving money. There is no point saying that you are going to save money when you have nowhere to put it.
Track your spending
This is also important because if can see that you are spending $50 a week you could try and cut back. There is no point spending money that you know you don’t have or you will need. It is important that you regulate your money. By doing this over time you will realize patterns you have when spending money, then you can improve them.
Use your student ID
This is something you should take advantage of because you can save a load of money. Many shops have a discount for students and this is something a lot of people don’t know. So whenever you go shopping make sure to bring your student ID with you. Another example of this is with amazon prime. Amazon student offers a 6-month trial where you can get unlimited 2-day shipping and exclusive deals and promotions. It is also longer than the normal amazon prime trial which is only 30-days and if you don’t want to pay after the 6 months you don’t have too. Click here if you want to try it out Amazon Student. Come on its free.
Shop in sales
This is another major tip. There are literally sales happening every single day and you should definitely utilize them to save money. If you really want something it will most likely go on sale after a while so you should wait till then.
Check out this post: How to manage your money as a teen
Learn to think before you shop
This is a skill that can stop you from spending too much money. If you are able to think to yourself while shopping ” Wait a second I don’t need this” you have really succeeded. So just remember to think about this every time you shop and you will be okay.
Save $1 a day
This is an old trick that many people think doesn’t work. Let’s say you save $1 for a whole month that means you have $30. You can then decide to spend it or keep saving. After that, you might be able to save more money a day and the rest is history. It is something you should definitely try.
Now that you know all my tips and tricks you should be able to start saving without a problem. Now you know how to save money as a teenager. Comment below your favourite tip and when you will start to use it. I hope you enjoyed this post.
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This was how to save money as a teenager!
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