How to Save Money as a Kid
1. Figuring out How Much You Want to Save and for What Purpose
Set a goal for yourself.
Saving your money is a lot easier if you have a particular amount in mind. If you can't decide on a set amount, just save around half of the amount that you earn or are given. For example, if you earn $10 today, put $5 towards your savings.

Get a piggy bank or other means of storage. Choose a specific place to put it, a somewhat hidden location. Don't use your wallet, though. It may look like a decent place to keep money, but due to its easy access and portability, it's really not. Once you find a place, try to not take the money in and out until you've reached your goal
Make a chart.
Once you know what you want to save for, figure out how many weeks it will take you, and create a chart to put on your wall. Write down each week and draw a box next to it. Each time you put money in your piggy bank or wherever, put a sticker next to that week showing how much closer you are to actually getting it.

Setting multiple milestones is a great way to stay motivated when you're saving. For example, you can check off milestones on a big poster board that you keep in your room when you meet your goal of saving $5, then $10, $15 and so on.
Start the jar or envelope budgeting system.
On either envelopes or jars, draw pictures of what you are saving for and drop the amount you decide on every week. You can have one for smaller amounts and one for bigger goals. For instance, the short-term savings could be for a certain video game and the long-term container might be for a trip to Magic Mountain.
Visualize what you are going to do with the money you save
Cut out a picture of an item you would like to buy along with its price from a catalog or magazine. Stick it on the wall in your room or somewhere where you will see it often. This can help greatly in motivating you towards your goal.
Put your money in a place where you won't be tempted to take it out and spend it.
You may actually have to hide it from yourself if you do get tempted easily. Be sure it isn't so difficult, though, that you forget about saving or even where you put the money entirely. A sibling or parent's closet may be a good idea, or you may even have them hide it from you over a period of time. That way you will have to go through them to find money to spend.
2. Finding Ways to Make Your Money Last
Remember that every penny counts.
As long as it doesn't belong to someone else, pick up every little coin you see out there. Remember that no matter how little you spend, it'll make a difference in the long run. It's similar to 100,000 individuals saying that their vote doesn't matter, but together they can make a difference.
Find free things to do.
When you hang out with friends, do something that doesn't involve spending money. For example, go to the park or play football. Or, if you're out and not far from home, instead of buying a can of soda at the store for $1.50, save the money and take the trip to your house to get something to drink.
Spend wisely.
From the money you have to spend it each week, figure out a small percentage that you want to put in your savings, at least 5 or 10 percent if possible. You'll be surprised how fast it grows. It's better to start out with a smaller amount than to say you're going to save a big amount and then never do it.
Tell someone that you are saving your money.
This is called "accountability." It basically means that someone else knows what you're doing. In terms of savings, it's so they can keep you from spending it if you feel tempted.

Make sure it's not someone who will encourage you to take it out down the road, though.Perhaps whoever you tell can both save money towards a goal and whoever gets there first has to buy the other one a ticket to the movies or something else you both really like.
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