5 saving tips for teenagers

By admin
20 September 2013

Some handy hints to help teens save up for things they’d like to buy.

Some handy hints to help teens save up for things they’d like to buy:

1. Sell items you no longer use, such as electronic gadgets and PlayStation or Xbox games you’ve outgrown. Advertise them on the internet, on Gumtree for example, or put up a notice at your local supermarket.

2. Tell your parents you want to save for an expensive item and ask if they’ll subsidise you by contributing a rand for every rand you deposit into your savings account.

3. Find out which chores your parents dislike most, for example mowing the lawn, cleaning gutters, washing windows or weeding. Offer to take care of any of these and negotiate payment. You could also check with the neighbours if they need your services.

4. Work out a budget for things you need, for example toiletries, haircuts, make-up, and so forth. Then ask your parents to increase your pocket money to cover these personal necessities. Now your challenge is to see how you can skimp to save some of your allocation.

5. Take orders from friends and bake cupcakes for them once a week for a fee.

-Elna van der Merwe

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