If they are thinking about going to college, budgeting now can help them prepare for the costs. But do they really need them? When they start budgeting, they'll learn to think more carefully about their purchases and only buy things that they truly need and will use. It's easy to get caught up in wanting the latest fashion trends or gadgets. But believe it or not, now is the perfect time to start learning how to save! If they can get into the habit of setting aside some money each month, they'll be on their way to financial success in no time.Ģ) To figure out what they really need and wantįiguring out what they really need and want is another important reason to budget as a teen. Saving money might not be at the top of their list of priorities as a teenager. Here are 5 reasons why every teenager should budget:
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