Introduction
As a teenager, having Pocket Money can give you a sense of freedom and independence. You no longer have to rely on your parents for every single thing you want or need. However, it’s important to learn how to earn and save your Pocket Money wisely. In this article, we will explore some tips and tricks on how to make the most out of your Pocket Money.
Earning Pocket Money: Traditional Vs. Online Methods
Traditionally, teens earn Pocket Money by doing household chores, babysitting, or working part-time jobs. However, with the rise of technology, there are now more opportunities for teens to earn money online. Apart from the traditional methods, there are also various online earning websites and apps that can help you make some extra cash. Let’s take a look at some of the best options.
How to Save Money from Your Pocket Money
Earning Pocket Money is just one part of the equation. It’s equally important to learn how to save your money and make it last. Here are some tips on how to save money from your Pocket Money:
- Create a budget: Before you start spending your Pocket Money, create a budget that outlines your expenses. This will help you keep track of where your money is going and how much you can save.
- Avoid impulse purchases: It’s easy to get tempted to buy something impulsively, but try to resist the urge. Think about whether you really need the item or if it’s just a want.
- Limit eating out: Eating out can be expensive, especially if you do it frequently. Save some money by packing your own lunch for school or limiting eating out to special occasions.
- Shop smart: Look out for sales and discounts when shopping for clothes or other items. Don’t buy something just because it’s on sale, but if it’s something you were planning on buying anyway, make use of the discount.
- Save a portion of your Pocket Money: Set aside a percentage of your Pocket Money for savings. This will help you build up your savings over time.
Online Earning Money Websites
If you want to earn some extra cash, there are many online earning websites that you can try. Some of the best ones for teenagers include:
- Fiverr: If you have a talent for writing, graphic design or other skills, you can offer your services on Fiverr and earn money for each job you complete.
- Swagbucks: Swagbucks allows you to earn points by completing surveys, watching videos, and playing games. You can redeem these points for gift cards or cash.
- Tutor.com: If you excel in a particular subject, you can make money by tutoring students online through Tutor.com.
- UserTesting: UserTesting pays you to test out websites and apps and give your feedback. All you need is a computer or smartphone and an internet connection.
- Spreadshirt: If you’re a creative person, you can design and sell t-shirts and other merchandise on Spreadshirt and earn money for each sale.
Best Online Money Earning App
In addition to online earning websites, there are also apps that can help you make money. Here are some of the best apps for teens to earn money:
- Ibotta: With Ibotta, you can earn cashback on your purchases by scanning receipts, shopping through the app, and completing other tasks.
- Acorns: Acorns is a micro-investing app that allows you to invest your spare change into stocks and other investments.
- Sweatcoin: If you enjoy exercising, Sweatcoin rewards you with coins that you can redeem for products or services for every step you take.
- Foap: Foap allows you to sell your photos online and earn money for each one that is purchased.
- Survey Junkie: Similar to Swagbucks, Survey Junkie pays you to complete surveys and share your opinions.
In Conclusion
As a teen, having Pocket Money is a great opportunity to learn about earning and saving money. By following these tips and exploring different earning methods, you can make the most out of your Pocket Money. Remember to also have fun and spend your money on things that are important to you.
References
- Collins, V. (2018). How to get and save money: For teenage boys. BookBaby.
- Preece, S. (2019, September 24). Best money making apps for teens. Ivetriedthat. https://ivetriedthat.com/best-money-making-apps-for-teens/
- Smith, A. (2019, December 3). How to save Pocket Money. Qualtrics. https://www.qualtrics.com/blog/save-pocket-money/
