Teens can follow mentioned tips to save a lot of money and utilize it for their future spending.
1. Try to save half of what you receive. Or, if possible, ALL
of what you receive.
2. Try to start saving young.
3. Don't touch it til you are old enough to drive. This can
really aid in getting a decent car instead of a jalopy that you'll end up
junking within a few months.
4. Or, if your parents buy your car, you can have that money
saved up for possible shop work on that car.
5. If you know you cannot handle large amounts of pocket money,
do the safe and honest thing and deposit most of that money. Even if you are
fiscally responsible, continue to make deposits, and remember to keep only as
much money as you could reasonably need on your person.
6. Use debit cards insted of credit cards!
Which methods do you use to save money?
Its hard for teens to keep their money in their pockets.
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