Frugal Ideas for Teens

Older kids can be a problem because of peer pressure. Hopefully your early frugality training helped a little with this but it's a rare teenager who doesn't give into it at least a little.

One of our readers sent the following ideas: if your kids are into the "Spice girl" thing that's going on right now (or any other musical fad) you can tape the songs off the weekly countdown on the radio. Kids don't care they just want to play it at their leisure anyway. And the T-shirt thing...just take some of their old blank t-shirts, buy some computer iron on paper, dowload pictures of them off internet sites and iron them on their t-shirts for under $ 2.00 a t-shirt. Thanks for the tips, Belinda!

Another idea is to just give them a certain amount of money for their back to school clothes and let them figure out how to budget it. Those $125.00 athletic shoes may not look so appealing if their entire clothing allowance is only $200.00. If you do this be sure you don't cave in and give them more if they spend foolishly. A semester of wearing old clothes will do them good!

The following three letters came to us from teens who read our website. It's nice to know that frugality appeals to all ages!

From Megan: I have an idea about saving money for teens. What my mom always does, is that she makes sure whenever i do good on a report card, or do really good on anything, i get rewarded with some spending cash. Over the years, I have learned with it how to save it for stuff i need(shoes,clothes,dates,etc..) and I have also learned if i put it in the bank, I'll be making even more money with interest! Thank you for your time.

From Tera: Hey my name is Tera and I am 15 years old and don't have a job. Your website is awesome and gave me a lot of awesome ideas for my friends and family for Christmas! I forwarded this website to all of my friends so they can have great gift ideas also!

From Donna: Truthfully im only 13 and i host alot of parties. One thing i did at a recent one was asked everyone to bring i cheap gift and read a story that had the words left and right in it a lot and every time i said left they passed it left and vice versa.

From Sharon Aziz in El Paso, Texas: At 16 years old, I always was asking to use the car (My frugal mother usually took the bus to work to save on gas and parking). Once a week she let me use the car with the understanding that I did the grocery shopping (DEAL!) I had a budget and a very specific list. I was to get everything on the list. The teaching opportunity came with the second part of the deal: I got to keep the extra money if I managed to buy everything on the list under budget. I would watch the sale ads and clip coupons and price compare until I had $10-$16 in spending money. To this day, I am still a frugal shopper. Hope you can use this idea.

What about it, all you parents out there? This sounds like a great way to teach your teen about money and get a little free time for yourself!