Teenagers nowadays can spend money so carelessly. They don’t understand the value of money as they get it easily from their parents. Parents want to fulfill all their children’s needs and wants, so they also let the kids spend money the way they like. Encouraging this behavior has led kids to neglect the value of money-saving and management. Teenagers should start understanding how important it is to save money and use it wisely because the next phase-that is adulthood, will require a lot of money management on a daily basis.
Tip to Save Money
- In today’s world, there are tons of options available for teenagers to save money. Cost comparing, online shopping, using platforms that give out offers and discounts, etc. are some of the most important options available to kids today, which could help them save money and learn it’s management too!
- Learning where to spend, when to spend, and how much to pay is a must for all teenagers today, and all parents must encourage this too.
- Many online platforms allow you to shop anything you like at a slightly lower price, which encourages money saving. Some of them are:
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- Flipkart
- Amazon
- Shopclues
- Myntra
- Teenagers tend to spend money most recklessly on food and clothing.
They are usually buying branded and expensive clothes which they use just for one time and then it’s neglected in some corner of their closets.
Economical Alternatives for Shopping
There are alternatives which may offer the same kind of clothes at a lower price and sometimes even better quality. Buying them instead of the overpriced ones is also a step forward for them in saving money. Online stores offer so many discount offers and coupons.
- Myntra offers some amount off if the order is above the given limit. Sometimes they even offer free delivery to the new users, saving some part of the money that would’ve been spent.
- Flipkart is one brand where we see some sales running every month. With Flipkart coupons teenagers rather all get a chance to buy everything in the wishlist at a discounted price.
- Amazon offers always come up with surprising discounts and deals, for instance, free shipping facilities, prime day sale offers, and many more.
Dealing with Teenagers Choice and Budget
- If the child is stuck on some particular product or brand, waiting for them to offer a sale is always a great option, and it also saves a good deal of money!
- You can always use coupons on the food orders which eventually help spend less on food. Food outlets also can buy combos, which is another great option to save some money. Food platforms such as:
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- Swiggy
- Zomato
- Food Panda
- Comparing the prices of things available on different websites and choosing the one that suits you best and also encourages less spending is by far the best way to save money.
- Teenagers can start a savings account to keep the saved money and try not to use it until it’s necessary. Many banks offer this facility with reasonable interest rates, which can help save more money.
- They should separate the spending amounts from their savings amount. They can create a budget for themselves and try to follow it to save the leftover money. This helps in proper money management.
- Smart spending is also a great option in which you can split the costs of your food or anything that you’re sharing with your friends. While spending, it doesn’t mean you have to spend all the money on your own. Think about sharing the bill with your friends or siblings where you can, whether in magazines, trips, books, etc.
- If you are shopping online from Flipkart and have the Flipkart gift cards, but you don’t want to buy something, you can resell them. Sharing the cost is always considered a kind source of saving money.
- Try collecting as many coupons or gift cards you can; this will help you save money.
- If you’re worried about being left with no money after purchasing things, try to keep track of your purchases. This way, it will be easier to spend the amount of money being spent, and you’ll know how much control is needed over your purchases. You can also earn a little from your parents doing housework for them if you’re too prideful to ask for money directly! This gives you more edge to spend and similarly more edge to save too.
Saving money in your teenage years is hard, but it is required, which can be very helpful for their future. All these ways and alternatives are a one-way ticket to a significant saving. After all, online shopping and ordering allow you to take advantage of exciting coupons and deals that can offer you unbelievable savings. It is rightly said that ‘little drops of water make a mighty ocean’, and similarly, the little amount saved every time can end up with a lot of money saved!
