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How To Save Your Pennies As A Teenager

Submitted by solomon on Fri, 10/06/2017 - 10:51
Image of a one pound coin and copper coins.
Pic: Flickr Creative Commons

Recent research found the average weekly pocket money children aged 10-15 receive is £5. This can make life as a teenager difficult. Fear not. Here are some tips to help you save those extra pennies we all scramble for.

Know where to shop

The front of a Poundland shop.

Pic: Flickr Creative Commons

If you want to start saving up, you are going to have to consider different stores. Try charity shops as well as the likes of Poundland or Wilko. These places will have what you need for a price you’ll like.

Shop wisely

Before you head to the checkouts, really think: “Do I need this, or do I just want it?” and “Is it really worth it?”. Buy what you need and not what you want. You’ll be surprised at how much you will be able to save. Trust me, I’ve saved way more than I thought was possible!

Set a goal for yourself

A roller coaster at Alton Towers.

Pic: Flickr Creative Commons

By setting a target you will be motivated to spend less. Give yourself a goal to reach by the end of every month. This will motivate you to cut down on your daily expenses. You could invest your money into a savings account or buy tickets for a trip to awesome theme parks like Alton Towers!

Give up some of your free time

Lindsay Lohan saying she needs a tutor in Mean Girls.

GIF: Giphy

You may not like the sound of it at first, but finding a job to do during the weekends or holidays will bring in extra cash. Oh, come on! Working isn’t that bad especially if you can do what you love. The most common jobs for teenagers include babysitting, pet sitting, and tutoring.

By Sahar