As a teenager, you’re probably starting to learn a harsh reality: life costs money. And sometimes a lot of it. In order to be prepared for whatever life throws at you, it’s important to start saving while you’re young. While we all know saving can be difficult, especially for the young, wild and free, we’re here to make it a little easier with four key money saving tips for teens.

1. Save First and Spend What’s Left

One of the most common mistakes that people of all ages make is that they spend what they think they need and then try to save what is remaining. In many cases, there’s not any money left over to save. Try flipping the order of these two activities. To avoid overspending, set aside money to save first and then spend what’s leftover. No matter where your money is coming from—an allowance, babysitting, a job—it is good to get in the habit of saving part of your income first.

2. Use the Student ID

You probably have a student ID that provides you with discounts at movie theaters, grocery stores, pharmacies and various other establishments. Try to search for deals that are being offered to students and take advantage of them while you can. This is a great way to save money while still having fun.

3. Find a Job

There are many jobs that are open to teenagers. Many teens get jobs as lifeguards, babysitters, camp counselors, and tutors. While some of these are summer jobs, many jobs, such as retail and restaurant positions, offer flexible hours that may fit with a class schedule during the school year. Don’t be afraid to get out there and see what your options are. Some of these jobs can actually pay quite well!

4. Start a Savings Account

Ultimately, if you are looking to put money aside and save for the future, it is a good idea to open a savings account. This allows professionals to safeguard the money while offering a solid, safe return on the money in the account. There are many different features of savings accounts that you need to consider. If you are interested in opening a savings account, take a few minutes to sit down and meet with a professional. Together, you can come up with the most appropriate option to meet your needs.  

These are just a few tips to start you on the road to healthy saving. If you start saving now, you will have the habits and resources to have a much more financially stable future.

Source: Money Under 30