Saving money as a teenager is hard, especially when you have friends who are out buying new clothes and going on weekend trips. But it’s not impossible. Here’s how teens can save.
This article is part of a series teaching essential personal finance concepts to teenagers. At Money Under 30, we believe that it’s never too early to become financially responsible; we hope this series will be a good place to start.
Whether it’s a new iPhone, that trip you’ve had your heart set on, or bigger goals like buying your first car, you have big dreams as a teenager. Your parents might help you get some of these things along the way, but saving your own money towards these goals makes achieving them more rewarding.
