Put yourself in the driver's seat!
How? By saving your money.
Think: $1.67 a day!
If you're 12 years old, and you save $50 every month until you turn 18, you'll have more than $3,600.
If you don’t get a full $50 a month for allowance, you can save some of your birthday and holiday money. You also can do odd jobs for your family, friends, and neighbors on weekends and during your summer vacation. This way you can meet your savings goals, and have some extra spending money. And if this is too much to manage, simply set a smaller goal. The main idea is to get started and to be consistent. You can always raise your goal later on.
- Keep your eye on your goal. Find a picture to illustrate your dream and put it where you'll see it every day to help keep you motivated.
- Trick yourself into saving. Some people save a certain coin. They'll save all their nickels, dimes, or quarters. Or even all change. Coins add up quickly.
- Leave your money at home. Carry only the cash you'll need for the day so you won't have it to spend here, there, and everywhere. Put the "out of sight, out of mind" theory to work for your benefit. Control your impulse spending. When tempted to spend the money in your pocket, ask yourself how important that purchase is compared with your dream, your goal. A video game can eat dollars in a hurry!