5 Tips for Saving on Teen Expenses

Teenage life is fun and exciting. At the same time, it can also entail a lot of expenses due to food to clothing to gadgets and other necessities.  Parents looking to finance education for their children must take into consideration all the ways to save now and in the future.

However, with the economic crisis at hand, spending on the latest trends and other basic commodities can be tough. In order to avoid overspending on such teaching your teen to save moneythings, here are five tips for saving on teen expenses:

  • Save on transportation costs. You’re always on the go and you can’t keep up with transportation expenses. The solution? Why not walk to school or ride a bike when you go to the park? If your destination is just a few blocks away, you can save on gas by walking or riding your bike instead of driving your car. Another option is you take the bus instead. You can also practice carpooling with friends so that you won’t spend a lot of money on gas. Ask your friends so that you can take turns driving and you can divide gasoline costs among yourselves to save on money.
  • Save on food. Another tip to save on teen expenses is to save your money on food. For instance, instead of eating out, save your trip to the café or restaurant for special occasions. You can eat at home or simply prepare and cook your own food  when you go to a friend’s house. When you eat out, you spend a lot of money on food and beverages. You wouldn’t want to use up your allowance for that, right?
  • Avoid shopping for new clothes and gadgets. Sure you want to be “in” with the latest trends in clothing and technology. There’s nothing wrong with that but keep in mind that you might end up spending a fortune. Look for ways in which you can save money. If you really want to buy something, watch out for sales and promos so that you can buy these items for less. Also try to look for clothing coupons online or your local newspapers so you can use them to get new clothes later on. You can also try to be creative and mix and match your old clothes. As for the latest gadgets, try to assess first whether they’re a necessity or not. If you don’t really need them, don’t buy them yet.
  • Save on books. Buying books can be pretty expensive too. You can save on textbooks, magazines, and other reading materials by going to the school library or borrowing books from friends instead of buying them. You can also try to search online for e-books or download them for free.
  • Get a part-time job. You can save money if you try to get a part-time job. You can try babysitting, tutorial services, or even online writing and other related jobs so you can earn extra money. The money you earn can be used to augment your expenses.

These are just some of the ways you can save on teen expenses. Try to follow these tips and you will surely be free from financial problems.

 

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