Teens Saving Money / How To Save / Stretch A Buck And Stop Splurging and Spending

Is this what your kids pockets look like?
Is this what your kids pockets look like?

Teaching Teens How To Handle Money Can Be A Real Challenge

Teaching teens how to save money and stretch a buck can be an overwhelming challenge especially when we as parents are not so great at it ourselves. Teaching for me has always been a work in progress.

During these uncertain economic times, teaching my son and daughter to save even some of their money has been tough. Living in a materialistic world, kids are inundated by their friends and the media telling them they need more stuff. I try to be careful in teaching my kids in a way that they can learn that money doesn't solve everything so hopefully they will not get sucked into that false belief that it does.

I've gone as far, when the chance arose, to introduce the many bible verses that teach eternal truths about money. These verses can provide a springboard to discuss how best to view money and how to develop sound financial habits. It is more important than ever for young adults to be prepared for the financial challenges that lurk ahead. Teaching them about money creates an awareness that they will carry with them for the rest of their lives.

Getting Smart About Making It, Saving It, and Spending It!

The newest edition teen guide by Jessica Blatt empowers teens by showing them why money matters. This book is packed with sound advice and innovative ideas and would make a great gift for any teen saving money or trying to stretch a buck to help them manage their money wisely. It gives real life examples showing teens that smart money habits aren't just about scrimping and saving but also about creating freedom, choice, and independence. The advice this book offers is worth a million bucks to your teen saving money.

"The financial preparedness of our nations's youth is essential to their well-being and of vital importance to our economic future," "In light of the problems that have arisen in the subprime mortgage market, we are reminded of how critically important it is for individuals to become financially literate at an early age so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace," Ben Bernanke Federal Reserve Chairman.

Teens Saving Money and Stretching a Buck

know how to be a smart consumer.

know how to set goals and know what a short-term and long-term goal is.

know how to be a savvy spender.

know how to compare prices.

know how to be a price detective and how to set a goal for something they want to buy.

Saving Money Tips


Tips for Teens on How to Get Into the Saving Habit

Making savings a regular part of your life, along with spending is a great way for teens to develop good saving habits. Here are a few tips to help teens save money:

Save before spending - take your savings out immediately before spending any of the money.

Don't carry any cash - you don't need to always have cash on your person.

Teach yourself discipline - go to the mall without buying anything.

Only spend dollar bills. Put the change in a jar or piggy bank for savings. That way you will always be saving a little.

Keep a routine. Every time you get money, put some away.

Take only what you really need for spending and put the rest where it is difficult to get at.

Decide what percentage you will spend and what will go into savings.

Wait a week or two before considering a major purchase. By then you may not want the item or the price might even go down.

Start with small savings and increase a little at a time.

These tips should help you get started in saving your money.

Money Quotes

A penny saved is a penny earned. ~ Benjamin Franklin ~

Empty pockets never held anyone back. Only empty heads and empty hearts can do that. ~ Norman Vincent Peale ~

He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all. ~ Eleanor Roosevelt ~

If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life. ~ Billy Graham ~

Friendship is like money, easier made than kept. ~ Samuel Butler ~

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. ~ Robert Frost ~

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Answering Request asked by Ryan Hupfer: HubMob Topic of the Week:  Different ways to save money and find the best deals on stuff
Answering Request asked by Ryan Hupfer: HubMob Topic of the Week: Different ways to save money and find the best deals on stuff

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Comments 54 comments

toomuchmint profile image

toomuchmint 4 years ago

These are great tips for kids and adults. The e-vironment seems to have changed how kids think about money and consumption. I can't explain it, but there's a disconnect between spending and saving- they're missing the zero-sum game understanding.

These are great tips to help turnt his around.


Pastor N K Commey 5 years ago

Savings is a sure way of preparing for the foture. That is why this information is relevant. When teens are taught to save money, it is right. Thank you. God bless you.

bobby 5 years ago

im 16 i have stacks of money i blow it on nice things and my bank account still fat

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

hey tushar09 thanks for stopping by:)

tushar09 profile image

tushar09 8 years ago

hey great tips....

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thank you Lgali. I hope you find them useful.

Lgali profile image

Lgali 8 years ago

Great tips! from an expert. Iwill also use these for myself

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

You aren't kidding RGraf. It is and will be a challenge. Keep at it. Even when you think they aren't listening, they are. You may not know right away, but you eventually will! Happy Days are ahead! Stay Tuned!

RGraf profile image

RGraf 8 years ago from Wisconsin

Great tips! I'm hoping to teach my almost teen, but it is so hard with society saying to spend spend!


Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thanks Madison...I appreciate your comments and agree that kids really do need, especially in today's economy, to learn how to handle money for their future.  Be Blessed!

Madison Parker profile image

Madison Parker 8 years ago from California

Good tips for kids. I think that all parents would be better served by spending a little time teaching their kids about saving and investing and spending less time at Abecrombie buying overpriced, torn-up jeans!

Even though my daughter looked like a fashion plate, she didn't even begin to "get" the need for designer names to look good. I was proud of her and that she understood about saving for the future and that one didn't need to buy every little thing one wants.

Good hub, good job!!


Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thank you Countrywomen. I am happy that this hub brought back some good childhood memories for you. Sounds like your parents imparted wise beginnings for you which followed you straight into adulthood.

BTW thankyou for your kind words. I also would like you to know that I haven't even begun to tap into the knowledge that I could learn from you, Honestly Countrywomen. Take Care..

countrywomen profile image

countrywomen 8 years ago from Washington, USA

Dottie- Nice hub. I wonder how I missed this hub earlier. It is so true as my mother always keeps saying this "money saved is money earned". The earliest saving habit I remember was when I was 6 years old my dad bought a piggy bank and he told me that all the money I get from my grandpa or anybody else I can save in that. This hub bought back that beautiful childhood memory. Btw I also want to thank you for your kind words in the forum yesterday. You really encourage so many people like me to become better at hub pages. Have a great day.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

lol dineane...well I hope your daughter saved plenty so she will bring some nice souvenirs home for Mom!:)

dineane profile image

dineane 8 years ago from North Carolina

Afraid not...chaperone's have to pay too, and I haven't saved like she has ;-)

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

I know what you mean dineane about setting the money example. That is a great example of your daughter saving for her trip to France. You taught her well! Good job Mom. :-) BTW are you chaperoning the trip to France?

dineane profile image

dineane 8 years ago from North Carolina

Good info, Dottie! I've worried over the years that I have not set a very good example for my daughter in terms of savings, but she has really impressed me this fall. She is raising money to go to France next summer and even though she carries her ATM card with her "in case of emergencies," she hasn't used it, and she told me the other night that she has been tempted but she knows if she ever starts, she won't stop. I guess she learned something after all :-)

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thanks poorQpine for your kindness and I agree that we as a society need to get a grip. Now that I am a fan of yours I will be sure to keep an open eye for when you publish that hub.

poorQpine profile image

poorQpine 8 years ago from USA

Dottie 1,

You are very HUMAN and in such a good way.

I am thankful to see this hub. One thing that has my concern about the state of our world today is the youth. The economy is not geared for what children have been accustom to especially here in the USA. I am working on a hub right now that sort of deals with this subject but in a much broader vision. I hope you will drop in and read it when I have it published. Let me know what you think.

Your hub here is sound thinking and I hope that everyone can gain something from reading it. We have got to get a grip on spending and change the habits we have adopted as a throw away society. Good work, me poorQpine.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thank you Lgali

Elizabeth31...you give great advice and I too am learning from this. Thanks for coming by. I appreciate it.

Elizabeth31 profile image

Elizabeth31 8 years ago

Great tips! It's never too early to start training children how to handle finances, and teens especially need help navigating the consumer pressures focused on their age group. Of course, we adults can learn from this, too.

Lgali profile image

Lgali 8 years ago

very good info

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Hi Comp....I have found through experience that there is a difference in 'living for today' and 'living in the moment' which is what I have shifted my life to do. To live in the moment has given me a much clearer vision for my future, it's just staying focused that's my problem. LOL. When we are William's age maybe we'll get it. I think I'll be there before you though and I'll let you know, k! :)

compu-smart profile image

compu-smart 8 years ago from London UK

Hi Dottis,

I'm just like William, and wish i read this (although not a half a century) along time ago!, i am hopeless with money and have always been!, I have the "live for today' mentaility which does not help for future plans, spending and investments

The few words of Eleanor Roosevelt has really made me think about things!!

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

RGraf, You are welcome.  I am pleased that this hub was an answer to prayer.   Thanks for stopping by.

RGraf profile image

RGraf 8 years ago from Wisconsin

Thank you ever so much. My oldest is 12 and this will be an answer to prayer at this time. Thank you. Thank you.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thank you Gwendy and I think the college cookbook is a WOW fantastic idea.  My daughter is a freshman at college in Massachusetts of 20,000 students.    We parents spent money for refrigerators and microwaves for their rooms and would be nice if they put them to better use by making and storing some of their own meals once in a while.  A college cookbook would come in handy.  Thank you for your comments and for stopping by.

gwendymom profile image

gwendymom 8 years ago from Oklahoma

Dottie, great tips and a great hub. My oldest daughter has went off to college and thank goodness she is very responsible when it comes to money management. I have told my daughter that we should write a college cookbook, for meals that are quick and easy and also budget friendly. I don't know if we could come up with enough recipes though, so we will probably never do it, but it is kind of a fun idea.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thanks for commenting SweetiePie. I never started going to an ATM machine because I always thought it too easy to spend money and you gave me a new way to think about that. I go to a bank just once a week and it is in a different town so I don't feel like going there more often. Thanks for stopping by.

SweetiePie profile image

SweetiePie 8 years ago from Southern California, USA

Great tips! For me, I always use my ATM card because it encourages me to only buy what I truly need because I have to think when I am making each purchase. Handing over cash can become too easy.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author


Thank you sixtyorso for your kind comments.  I also enjoyed your hub on your historic perspective of saving money.~Dottie~


Hi compu-smart... I wish sometimes I had the advise I dished out to my kids for myself when I was a teenager but I didn't.  I see my daughter beginning to make some very wise choices and my son who is older than her beginning to pay attention because of sibling rivalry going on and he and his friends are getting pretty good at the art of haggling.   So maybe if I'm lucky I'll have two rich kids...na I doubt it, but maybe!  Thank you for coming by!


Hi Barbie....I'm glad that you liked those verses on eternal truths.  I like them a lot too.  I hope your second child finds the inspiration needed to save and spend his/her money well.  Maybe someday you and Eddie will have 2 rich children like I'm hoping for so you can have everything your little hearts desire.   Thanks for the visit.

Barbie-Perkins profile image

Barbie-Perkins 8 years ago from Cincinnati, OH

Hi Dottie,

Great Hub! Well organized. I love the bible verses that teach eternal truth about money. One of my children has a great handle on money management. Your hub will be a great help to share with the other child who is in great need of help. Thanks for sharing.

Barbie Perkins

compu-smart profile image

compu-smart 8 years ago from London UK

I, like many teenagers just live for the day and if they took your advice, we will see lots more teenagers who have lots more money!

When i was a teenager, i did not have any qualms or hiccups to haggle, now im not a teenager, i find it very embarrassing to haggle when haggling is somewhat of a British tradition!

sixtyorso profile image

sixtyorso 8 years ago from South Africa

Interesing Hub well written and a few points for all to ponder

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thanks sis Michelle, hmmmm I like that, an older teen lol....I guess that would make me an older older teen! I'm glad something good came out of your living away! Thanks for the thumbs up! :)

ripplemaker profile image

ripplemaker 8 years ago from Cebu, Philippines

HI Dottie, wow another great hub from my sis! :) These are great tips for teens and for much older teens like me LOL Hmmm living away from my parents for a looong time has taught me to save and spend wisely. I am glad for that. Yey! Thumbs up!

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thank you cgull, g-ma, and bhoge for sharing your thoughts and commenting. It is important that we continue to learn the importance of money and how to make it, save it and spend it.

bhoge profile image

bhoge 8 years ago from India

Great tips, i never implemented for myself but now it's time to do it. Nice money quotes thanks for sharing Dottie

G-Ma Johnson profile image

G-Ma Johnson 8 years ago from NW in the land of the Free

sometimes it is hard to do these things if when growing up you don't learn the value...I mean we all have a streak of who cares and it is ok to charge...but taught at a young age you begin to learn these things you have written about...Is a good reminder tho to all people...and Thanks for sharing your wisdom my dear...G-Ma :o) hugs   (yes Ashwinsgpa am so happy you are back ! ! !)

cgull8m profile image

cgull8m 8 years ago from North Carolina

I agree with Ashwin, we all need these tips. Thanks Dottie. Cheers.

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Eddie...thank you! I agree, he who loses faith loses all. So always keep your faith Eddie cuz yours is contagious, very contagious, thank you!

Thanks Ashwin....I love seeing you around again and I just visited your blog this morning. I was going to leave you a comment but then I found myself back on your hub so I left a comment there for you. BTW loved your blog. Will revisit as time permits. Love your photography. And yes I agree these tips will help us adults too! Thanks for your kindly visit!

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

CHEERS to the New Yorkers!  They say you come in pairs...don't ask me who said that please!


NYLady - I just had a talk with my son last night after listening to him about not having enough money and in my motherly wisdom told him why and I told you sooo!  Well he had a few facts for me too.  Never underestimate the power in your kids words...LOL  Now my daughter....I talked with her yesterday at college...she was on her way to a tanning session with a free coupon....she's great! LOL


Hey William...long time no see...lol...  Thanks William, I could have been better informed too in my early years but I've also been told I wouldn't listen.  See it all comes back in the wash.  Now I just have to get rid of that song stuck in my head...how bout you William...is it still stuck in yours too! or would you rather be a _________? lol



Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Wow it's great to see stuff happening while you are asleep LOL.  Thanks everyone for stopping by and commenting.  It means a lot to me.


Just_Rodney...thanks for bringing awareness to one of my vices.  It's called a smoking habit which I gave up in July and have not put that money aside until today!  Thanks so much for the reminder.


Guidebaba....thanks for your comment about how I thought differently, it made me laugh.  I guess that just comes with being a mother.  I think I developed a bad habit of giving up my own life, where is she I wonder.....to be figured out soon so stick around.


quicksand...That's a good one!....hahahahaha.  LOL That pretty much sums up my life too!





ASHWINSPGA profile image

ASHWINSPGA 8 years ago from Lion City ( Singapore)

You know Miss Dottie, in times like these alot of adults would find all these tips useful too. I adore you writing style. You write some of the best hubs. Keep them coming Miss Dottie. Your number 1 fan

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Eddie Perkins 8 years ago

Thanks Dottie,

Very good help here. I too wish I had learned these things in school. I love this quote: He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all. ~ Eleanor Roosevelt ~

Keep up the great work. Thanks ~ eddie

William F. Torpey profile image

William F. Torpey 8 years ago from South Valley Stream, N.Y.

Great advice, Dottie. I wish someone had passed this information along to me a half century ago. I hate to think of how much money I out-and-out wasted back then. I love Robert Frost's quote. Back in the 1940s my mother went to a bank to borrow some much needed money for household expenses. She told me the bank turned her down. She said, "They won't give you money unless you already have money." Shakespeare had it right: "Neither a borrower nor lender be."

NYLady profile image

NYLady 8 years ago from White Plains, NY

Great hub, Dottie! I could use many of these tips myself, but I've also sent the link to this hub to my two college students. One saves like a little old lady, but the other one -- oy vey!!!

quicksand profile image

quicksand 8 years ago

Lol! How fortunate I was as a teenager, I never had the responsibility of having to save money ...

That's because I didn't have any!!! Ha ha ha ha ha!!!!!

guidebaba profile image

guidebaba 8 years ago from India

Just Another Innovative Hub Dittie. We all were just thinking on the topic "How to save money" while you thought differently - How can Teens save Money. Excellent.

Just_Rodney profile image

Just_Rodney 8 years ago from Johannesberg South Africa, The Gold Mine City

The change from a dollar is the best system.

Another good one is to give up on one of your vices, like chewing gum, and every time you would have bought a pack, the money goes into your chewing gum jar.

That amounts up to a tidy some a year.

Not that i am saying you eat to much gum, just as an illustrative example is all.!


Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

LOL, I'm with ya on that one. Sounds like a very interesting online class. Warren Buffet gives his recommendations on this one for new investors. I'm in...Ya definitely I'm in....

Mighty Mom profile image

Mighty Mom 8 years ago from Where Left is Right, CA

I'm going to sign up for the online class if they'll extend the deadline to "financially free by 70" LOL!

Dottie1 profile image

Dottie1 8 years ago from MA, USA Author

Thanks Mighty Mom, instant gratification is sooo tempting but the kids are watching and learning from us all the time and will make life more difficult or easier so we need to be wise in our doings. I learned the hard way way too many times but I'm smartening up now ...it's about time. Thanks so much for stopping by and appreciating the hub.

Mighty Mom profile image

Mighty Mom 8 years ago from Where Left is Right, CA

Great tips for adults as well as teens. Thanks, Dottie! I worry that e-commerce makes shopping and buying online even more of an "instant gratification" for people these days. Self-restraint is hard. Good reminder that we need to set a good example for our kids, too!!!

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