High school is probably one of the most memorable and exciting parts of everyone’s lives. A lot of people think that this part is what shapes the person for the future. Which is why being thrifty during high school is very important. If students understand the importance of saving money at an early stage, the more likely they’ll be able to handle their finances responsibly. No worries, they are simple tasks, easier than you would love to agree with but tested to work for students of the 12th grade and below. Check it out! Here are a few saving tips for high school students.
Leave Car at Home- Having your own car in high school may make you popular but if you can skip using it, do so. Bringing your car to school every day will have you spending a lot of money on gas. What you can do is commute or walk your way to school to refrain from spending your allowance money.
Makes use of your skills- If you are good at something, you can work on it to earn some extra cash on the side. A lot of high school students need help in their assignments or projects and you can help them out in exchange for money or even lunch food. You get to save a couple of dollars and enjoy a meal at the same time.
Do some work for school- If for example, your hobby is photography, you can always apply for the school paper and enjoy some benefits that will help you save money. Some projects may even land you a scholarship and that will definitely help you save tons of money.
List down all of your expenses- This may the good time to practice this habit because it will help you keep track of your allowance money and it may help in controlling your spending. No matter how small or big it is, you have to list it down and check it at the end of every week or month. This way, you’ll be able to determine how much you’re spending on what.
Open up an account- If you are serious about saving, you have to put it somewhere safe and someplace where it can grow. Opening your own account may also encourage you to set aside a portion of your allowance regularly for your savings. It is, of course, better if you can allocate more for your savings, but what’s more important is doing it consistently. Just be patient and you will see your efforts grow.
Bring your own lunch- Even though your parents give you allowance for food, bringing your own packed lunch to school will definitely help you save money. Knowing that you have your own will keep you from buying items in your cafeteria. You should also bring some snacks with you in case you get hungry.
Get a part-time job- A lot of students today are now getting a summer job or are even working part-time just so they can save or provide for themselves. You can try working in a café, a dinner or even in your family’s business if you have one.
Tip: It is never too early to do a credit check if you already have your own credit line. Managing your finances will help you deal with financial problems in the future and if you can manage to pay your bills on time, the better. Being on time on bills will help you improve your credit score.
The earlier you can start saving, the easier it will be for you in the future. Not only will it help you become financially responsible, but saving right now can make you financially stable as well.