list everything you will need to pay for in the coming weeks. Think about how much you have, what your paycheck will be and do the math to make sure you have enough to cover it. This doesn't have to be complicated, just a simple list on your phone so it's always with you. Check in with your monthly plan every week or so, and make sure everything's on track.
4. Sort out needs vs. wants: Here's the tough part. Your favorite band is coming to town, and all your friends want to catch the show. But your phone needs a new battery, your car has a flat tire and insurance is due. It's tempting to raid your savings account so you can do it all. Remember, your spending plan will be meaningless if you don't stick to it. There will be times when you'll need the conviction to say no but make room in your budget for the fun things too.
5. Stretch your dollars: You work hard for your money. Let it work hard for you! Before you buy, shop around. Compare prices online, wait for a sale or download a digital coupon. If you're grabbing lunch, skip the beverage and ask for ice water; then put that money into savings. Smart money moves like these can leave you with a little extra and make it easier to balance your needs, wants and savings.
Creating good financial habits early in life can help you achieve your goals. Parents or teens who'd like to learn more can check with their local Boys & Girls Club, or visit the Money Matters page on BGCA.org.