3 Fun and Clever Ways to be Financially Independent Teenager

3 Fun and Clever Ways to be Financially Independent Teenager

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As a teenager, it is normal if you are starting to crave for some independence. You want to be in charge of your own life as well as make your own decision. Sometimes, you want to buy new clothes or maybe save for your first car. But your parents can’t always help you because they already struggle with plenty of bills to pay.

This is why you should learn to be financially independent even if you are still a teenager. When you have money, you can buy your own stuff and help your parents at the same time.

But the question is how can you do that? Is it possible to get some money when you are still in school? Of course it is possible and many teenagers your age have done that. So, to help you being financially independent, here are some fun and clever ways you can do.

Get Some After School Jobs

If you want to make some money, of course you have to get a job. But you need to remember that school must be your first priority. Part time job will only get you money to pay some bills, but education will take you very far. So, you must arrange the time carefully so the job doesn’t get in the way of school time.

At first glance, there are not a lot of jobs available for highschoolers. Being a cashier in a minimarket or in a bookstore seems like the only option.

However, if you are willing to be creative and explore all the possibilities, there are actually a lot of job you can do, from being a dog walker to sell some handicrafts. You can read this article to find some part time job ideas for teenagers.

Make Monthly Budget Planning

Now that you have the money, you have to learn to make monthly budget planning. If you don’t do this, you will work hard every day only to find out that you have nothing left at the end of the month.

Make a list of your income and expenditure. Write down all the money you spend every day so you know where all the money goes. At the end of the month, review the list and find out what is your biggest expenditure and find out if there is a way to cut down the expenses so you can save more.

Stick to your budget planning and make sure you always have some extra money to spare for emergency. Most importantly, no matter how small it is, you must put some money in your savings every month.

Set Short and Long Term Plans

Making money is fun and you must be tempted to buy this and that. When you find it hard to control the impulse, try to imagine what amazing things you can buy if you wait and save the money first.

This is why making short and long term plans is very important. Make a plan and imagine the things you can do with your saving money. It will definitely strengthen your determination to not spend your money carelessly.

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