Money Saving Tips for Teens
Here are some tips to help you save your cash and see at the bottom of the page how quickly your savings grow:
If possible try not to carry any money on you especially if you are going somewhere you know there will be shops and the temptation to spend. Just make sure you have enough money to get home and that should be all you need. Possible saving £10.00 |
If you are given money as a gift put it in your bank account as soon as possible so it is not burning a hole in your pocket and you're not tempted to spend it on a whim. Possible saving £20.00 |
If you see something in a shop that you really want leave the shop and take a week to think if you really do want it or indeed need it. If you do decide you want it find out if you can get it cheaper by shopping around. Possible saving £30 |
Set up a saving account that is difficult to withdraw money from. Try to put all your spare cash in there and watch your savings grow! Possible saving £50.00 (and growing!) |
Borrow books from the library instead of buying them. Possible saving £6.99 |
If you and your friends want to see a particular film wait and rent it instead of each paying to see it at the cinema. Possible saving £15.00 |
Think before using your mobile phone. Do you really need to send that text or make that call, can it wait until you see them or would it be cheaper to use the land line? Remember, you may need that credit for an emergency. Possible saving 30p |
Want a new outfit for a special occasion check first to see if there is anything you can borrow from a friend or brother or sister. Just remember to take care of it and return the favour! Possible saving £50.00 |
Try shopping for clothes in a second hand or thrift store you could find a real bargain and it's great if you like the vintage or retro look. Also, don't forget to check clearance rails and don't miss you opportunity at the sales. When you are buying clothes try to think when you will wear it, what it'll go with and if you really need it or already have something similar that way you'll avoid having lots of unworn and unwanted clothes in your wardrobe. Possible saving £20.00 |
Try to avoid spending cash on overpriced designer coffees and bottle of fizzy drinks tap water is healthier and free! Possible saving £2.50 |
(this is just a bit of fun and all the possible savings are simply estimates)
Total saved: £204.79
Which goes to show, if you are saving 30p or £50 by making one decision it can all add up and you could be hundreds of pounds better off.
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