High school years are a great time to start saving money. Teens have their pocket money and almost all their large expenses are covered by their parents. Some goals high schoolers might want to save for are a spring break trip, a smartphone and a computer. Here are some tips to bring these goals closer to fruition and to become wiser with money.
Create a budget (预算). Use a budget to calculate school expenses, bills, costs for fun activities and savings contributions. Try to check in with the budget regularly each month, and consider using a budgeting app to help you get started.
Setting goals is an important part of a savings strategy, so you can plan ahead for what you're saving for. These goals might be saving for buying a computer, going on a trip or paying for college. Determine how much you need to save for each goal, and adjust your budget to account for it.
Avoid impulse (冲动) buying. Impulse buying is a bad habit and it can lead to regret. Try to control your impulse to buy something that's unnecessary by writing it down and seeing if you still want it after a week or two.
Set aside an emergency fund. Having an emergency savings fund is necessary for preparing for unexpected events. Aim to have at least 500 to 1,000 yuan set aside for an emergency fund while in high school, and continue to build this fund up as you take on more day-to-day living expenses over time.
A. Establish goals. B. Set a monthly savings goal. C. It should only be used for expenses in emergencies. D. If not, that money could go to savings or something more important. E. You can put the money into a savings account with a high interest rate. F. This means that they can save a large amount of money if planning well. G. A budget can help you prepare for expenses and limit unnecessary spending. |
