Money saving tips for teenagers that lead a happier and successful life. I’ve started to save money in my school days.
Adding coins to my piggy bank was a happy moment for me. In my teenage even I’ve faced peer pressure when it comes to buying gadgets or eating outside food. But I started to learn about frugal living that helped me to save more money in my teenage.
If you are also thinking about saving money as a teenager, you are at the right place. In my current blog, I’m going to share easy money saving tips for teenagers.
37 EXTREMELY EASY Money Saving Tips for Teenagers
Not everyone thinks about saving money during teenage. So feel proud of yourself that you are more sensible than your peers to think about saving money at this early age.
Just a few years ago I was enjoying my teenage along with inculcation of saving habits. So let me pitch some effective money saving tips for you.
1. Avoid eating outside, save up to $1040 annually and take a cruise trip instead
Eating outside food frequently is not good for your health as well as for your pocket. So munch food at home. Daily have breakfast at home before leaving for a school or college.
According to some surveys an average teenager spends $1040 annually on eating outside food. And teenagers start to spend more money when at the age of 13. So you can also easily save up to $1040 on food as a teenage girl or teenage boy.
2. Go all DIY for clothes instead of shopping all the time
Did you know that the world’s most famous fashion designers have the knack for DIY (do-it-yourself) when it comes to experimenting with new outfits and trends ? So why not try the same at home ?
Convert a pair of lousy jeans into punk shorts or convert a hoodie into a short skirt and flaunt it all over. Enjoy following new styles and fashion without spending more money during teenage.
3. Learn new things on YouTube without paying any fees
YouTube is such an amazing free platform where you can enjoy watching free videos. There are many categories on YouTube like education, entertainment, how-to, motivation etc.
So watch such free videos that will help you to upskill. Gen Z is really lucky that we have such good platforms like YouTube. So make use of YouTube in your teenage. Start to implement more frugal habits as a teen student.
4. Avail amazing free courses online and learn new skill sets
Nowadays teenagers have easy access to the internet to learn new skill sets. There are many free courses online like digital marketing, English speaking, art and craft etc. So use all such opportunities freely.
So make use of these free online courses and even get certifications for some courses once you complete the courses.
5. Pool money with friends and save on your monthly Netflix subscription
Pool money monthly on your Netflix subscription. By doing this, watching movies and your favorite shows will be cost-effective because this money can be divided equally among friends.
The premium plan subscription charge is 799 INR per month. And total four members can join with a single subscription. This is how teenage girls and teenage boys save money without a job.
6. Check out restaurants that offer free treats on your birthday
Some restaurants give free treat on birthdays. But for this, you should register your name. So check out such restaurants in your city. And enjoy yummy food on your birthday.
Even some restaurants provide exclusive free treats for students on birthdays. So make use of your student ID to get such treats. Students can save more money by following frugal tips.
7. Declutter your room and make money by selling out things that you don’t use
You don’t need to clutter your cupboard with the things that you don’t use anymore. Sell out such things and make some money out of those things.
You can also rent out things which you use rarely. In this way, you can be more frugal and save money.
8. Save money and your skin by avoiding commercially made toxic products
You can make your own face mask and beauty products at home. You can use easily available things like gram flour, aloe vera and much more. So be more frugal instead of plunking down your money on beauty products.
Also, use herbal homemade remedies to get rid of acne in the teenage. So as a teenager implement frugal ways to look good.
9. STOP aping frivolously spending habits of your peers as a TEENAGER
Peer pressure is also one of the important factors that push to spend more money in teenage. Remember, already there are people who are younger to you have started to be frugal. They are the people who will be happy frugal adults.
So make sure you don’t be left behind. Start to be frugal. Don’t buy unnecessary things due to peer pressure.
10. Know-how to be healthy and fit in teenage with minimum money
I’ve seen that many teenagers start to join gyms. But I advise canceling your gym membership if you are not going there regularly. And use simple tools like skipping rope, acupuncture kit, and do cardio or yoga.
You don’t need to spend more money on costly equipment to be healthy. Even there are some specific TV channels for fitness tips. You can watch such TV channels to learn exercise.
11. Know how to have more fun during the holidays by SPENDING LESS
I’ve analyzed that in the past people were spending more time with their families during vacations. They used to play indoor games. But nowadays it looks like spending money is compulsory during the holidays for teenagers.
But in reality, one can have a lot of fun during vacation without spending more money. So instead of planning an expensive trip with your friends, you can plan a trip with your family at a reasonable price. You can spend quality time with your family rather than visiting expensive clubs and parties.
12. Read books for free and listen to audio books without any charges
Save money on books. If you like reading books then first you can make the best use of a library in your city. And you can also pick up ebooks or audiobooks online at a reasonable price. Well, ebooks and audio books are less costlier than printed books.
For 30 days you can even get a free trial of audiobooks on Amazon Kindle. And on YouTube, there are many good channels which give a brief summary of popular books. So check out such free YouTube videos.
13. Choose handmade gift Ideas during festivals to SAVE MONEY
Handmade gifts have their own charm. And this creates a special and strong bonding between friends and relatives. So prepare handmade gifts at home which costs you lesser than buying gifts.
There are many handmade gift ideas like- greeting cards, photo frames, painting etc. It’s so fun to pepper handmade gifts at home. So enjoy exploring such ideas and give handmade gifts to your friends on their birthdays and during festivals.
14. Decor your house by using best out of waste crafts
On the YouTube, there are so many videos that teach to use waste things to create something useful. Learn such hacks for free on YouTube to make the best out of waste.
I’ve prepared crafts with old invitation cards, woolen etc. These type of crafts enhances the beauty of your room or house without paying any extra money. Imagine your room that is filled with a colourful craft, which is prepared by you. I’m sure you will love it.
15. Save money on spa services by pampering yourself at home
In teenagers, you may have to bear extra expenses when it comes to pampering yourself. But nowadays you can get the best quality of manicure and pedicure kit at a reasonable price.
So you don’t need to visit a spa or beauty parlors for this by spending more money. You can easily save money on spa bills if you follow these frugal tips.
16. Use public transport more than cabs to SAVE EXTRA MONEY
You’re obviously more agile and feisty as a teen. So instead of being lazy and picking up a cab, go for public transport. Not only will you end up saving a lot more money but will also learn to do away with all sense of entitlement.
If you’re lucky enough to live in a region where you can hike around, pick that over any kind of transport. You will surely end up being frugal along with being healthy.
17. Follow Life Hacks, fix things at home and save a ton of money
Life hacks are smart tricks whereby you find solutions to things at home yourself, fix them and save money. This is in contrast to asking a professional to help you and pay him due fee.
If you’re new to this, take the help of free tutorials from YouTube. Watch such videos and try to fix things or prepare things yourself at home instead of investing money on new products or services. This type of life skill will help you to survive independently on this planet.
18. Have Multiple Sources of PASSIVE INCOME as a Teen Student
Passive income streams are the best sources of income. You can easily have multiple sources of passive income streams. This will help you to earn more money thereby you can save more money in your teenage.
You don’t need to visit any office to make passive income. There are many passive income ideas to make money online.
19. Know where you can buy the best second-hand products
Instead of spending money on new products. Look for second-hand products. Nowadays you can also get online websites where you will get good second-hand products.
There are so many people who have listed their products online. So choose such second-hand products at a reasonable price.
20. Read money-related books that support you to be more frugal
There are many popular books that help you to understand the importance of saving money. If you follow such books that will help you to asap to thrifty living.
The more you read, your financial literacy will improve. By this, you will be managing your money wisely and be more frugal.
21. Choose to earn money early in life and prioritize being independent
There are many options to make money. Even if you are a student then also you can make money online. So try to be financially independent as soon as possible.
Nowadays you can check out some genuine websites which offer part-time jobs. Also, you can choose internships to make money.
22. Avoid spending money on the things that harm your brain cells
Some addictions are not only bad for your pocket but that harm your health as well. So stay away from addictions like alcohol, smoking or drugs. I feel that youngsters should inculcate frugal habits instead of bad habits.
Do not pick such habits which will not help you. Be more productive and inculcate good frugal habits.
23. Try to have a minimum number of pets at home and save on maintenance expenses
Pets are loveable. And they need total care and attention as a family member. But if you bring more pets to your home then your expenses will also increase.
It is good to love and care for pets. But you should also think about the expenses also. If you have more than one pet then your expenses will be more.
24. Learn to say ‘NO’ to all unnecessary spendings
Yes, You should learn to say ‘no’ to your friends politely. You don’t need to celebrate every small occasion with your friends by spending a lot of money.
And try to avoid going out frequently with your friends like- Shopping, movie, expensive trips. During your teenage set realistic saving goals.
25. Look for alternative products before buying costly products
You can easily save 30-50% of the money if you look for alternative products. Once I was planning to buy a whiteboard for me. Then I looked for an alternative product and found a whiteboard sticker.
So I saved around 70% of the money on this deal. So make sure you look for other options also before paying for products.
26. Stop impressing your friends with costly gifts
You don’t need to spend a lot on money on gifts to impress anyone. The real friendship and a true relationship do not require all this.
So choose your friends wisely and be sensible. Don’t empty your pocket to fit in your friend circle.
27. If you are on social media, create an interest group and earn
Gen Z has so many exciting money-making opportunities online. So make use of social media and start to earn money. Instead of wasting time, you can create an interest group and make money.
You can also think about selling info products in the group. So look for various money-making opportunities on social media.
28. Take an internship during holidays and start earning
I cannot begin to explain that how much important is taking an internship for every single teenager out there. When your holidays arrive, start applying for internships where you actually get to visit a real office. Additionally, based on your interest you can also take up an online internship anywhere around the planet.
Companies like AngelList offer some of the most useful internships for teenagers where you can learn and earn. By the end of your vacation, not only will you have a better skill set than most others but a few bucks in your pocket as well. This will be the best kind of earning because this time you’ve been paid in the real world for doing a real task.
29. Asking four questions will help you to SAVE MORE
Whenever you feel like buying something always analyze whether it is ‘need’ or ‘greed’. Ask yourself these questions- Do I really need it? Is this worth buying? Can I get an alternative product? Can’t I work without this product?
And also observe your buying behavior. If you have impulse buying behavior try to change it from now.
30. Follow the realistic ways to save money at a restaurant
Avoid ordering soft drinks every time when you visit a restaurant or hotel. You can just consume water. This simple frugal step will help you to save money.
And if you are a student then some restaurants will give you discounts. So don’t forget to have your student ID with you.
31. Pick up your product without spending extra money on it
Pick your goods instead of opting for door delivery services. You need to pay extra bucks for such door delivery services. So cut off such extra expenses.
Visit the stores and pick up your product.
32. Think of repairing the things instead of replacing with a new thing
You should repair the things instead of replacing them with a new one. You can save more than 50% money if you follow this tip.
When you can repair the products then why should you waste money on replacing with a new one.
33. You reusable products instead of investing money on one-time usage products
Reusable products may seem to be costlier than ‘use & throw’ products. But this is a one-time investment. You will be saving more money in the long run through reusable products.
For example, Instead of using onetime water bottles use a reusable one. And always have a filled water bottle with you while going out. Avoid buying water bottles. This simple act is an effective part of frugality.
34. Enjoy plantations at home and produce green groceries at home without much money
I made a plantation for the first time in my school days. I planted coriander and that was a happy moment for me to look my plants growing.
So as a teenager, you can easily plant tomatoes, mint, beans and much more at your home. These plants will not need much maintenance. This is how you will enjoy plantation and have fresh greengrocers at home without paying for them.
35. Rent out your books in the teenage to make some money
You can rent out your previous year books to your juniors. You can easily get many students at your school or college who look for second-hand books or rental books.
So you can offer such rental services to those students. In this way, you will be making money as a teenager.
36. Start adapting towards minimalism
Minimalism is a philosophy whose underlying principle is simplicity. You can call yourself a minimalist if you surround yourself with things that you genuinely need and do away with all others.
Minimalism is the key to conserving the planet. Minimalism is the key to more wholesome living. Minimalism is the key towards eternal happiness. The sooner you adapt to minimalism, the better it will prove for you.
37. Take a jolly ride of a bicycle instead of wasting money on fuel
Instead of spending money to buy your own costly and fancy vehicle enjoy bicycle riding. In teenage when you feel like going out, just grab your bicycle and explore your city.
You don’t need to pay any extra money on fuel or transportation here.
How to live frugally as a teenage girl to save money?
On an average, a teenage girl spends more than her male counterpoint, across the world. The reason being, that girls tend to spend more on cosmetics and toiletries. Also, teenage girls have surpassed boys when it comes to food spending.
Wasting money is never good. So instead of draining away the resources that are not even yours, how about adding resources that end up being yours. The first step will obviously have to be to just start right.
I’ve addressed the question of how to live frugally as a teenage girl in another blog of mine. There, I’ve mentioned all the effective ways that teenage girls must follow in order to adapt to a more frugal lifestyle.
How to live frugally as a teenage boy to save money?
Even though teenage boys tend to spend less than teenage girls, they overdo it when it comes to gadgets, shoes and surprisingly clothes. Peer pressure is as high here as it is in the female world.
I’ve addressed the question of how to live frugally as a teenage boy in another blog of mine. There, I’ve mentioned all the effective ways that teenage boys must follow in order to adapt to a more frugal lifestyle.
These money saving tips for teenagers will boost your savings. Being a teen can be hard but the only way to beat the overhyped peer pressure is to stand out. By pursuing activities that will fruitful and add to your holistic being, you surely will end up being happy.