How much should I save a month as a teenager?
“A good rule of thumb is to save 10 percent of what you earn, and have at least three months’ worth of living expenses saved up in case of an emergency.” Once your teen has a steady job, help him set up a savings program so that at least 10 percent of earnings goes directly into his savings account.
What does the average teen spend money on?
Food and clothing were the top two categories for average-income American teen spending as of Fall 2018. Each category accounted for a 20 percent share of total expenditures. Accessories, personal care and cosmetics came in third place with a spending share of ten percent.
How much does it cost to feed a teenager for a month?
On the USDA’s moderate-cost food plan, families spend about $310-320 per month feeding a teen son. The average monthly grocery costs for a teen daughter are $255. Compare that to the average $178 per month of less families would spend on a child 5 years or younger.
How much does a teenager cost annually?
The USDA breaks this further down into several age ranges; from birth to 2 years old, the average yearly cost is $12,680. From ages 3-5, the yearly cost increases to $12,730. By the time they’ve reached 9, that number is up to $13,180. By the time they’re a teenager age 15-17, yearly the average cost is $13,900.
How much does a 17 year old spend on food?
According to the USDA, the annual average cost to feed a 15- to 17-year-old was $2,790 in 2015. That is significantly higher than the cost to feed younger children, which was reported as 22\% higher than the annual cost of feeding children from the ages of 6 – 8.
What is the best way to make money for teens?
Also find some open source projects to contribute to so that you can let others know your style of programming. Build a mobile app and make some money off of it. But being a freelancer is one of the best ways to make money, especially as a teen programmer.
How can a 14 year old earn some money?
Open a drinks stand. Your grandparents may remember selling lemonade on the sidewalk or in parking spaces in the olden days.
How to make money as a teen?
Sell Stuff at School. This is one of the best ways to make money as a teenager.
What are the best jobs for teens?
Good Jobs for Teens. There are many high paying jobs for teens throughout the summer months or part time throughout the year. Working at the riding stables. Lifeguarding. Horse sitting. Pet sitting. Swimming instructor. Babysitting.