Kid's corner

Money-saving help

Money-saving help

Lee and Bradley would like to write about money-saving. Over to Lee and Bradley for kid’s corner.

We have recently been looking into how much money we get/earn each week. We have recently noticed that we need some money-saving help as we admit to wasting our money each week and have nothing to show for it….Well we are teenagers after all!

What we have done is, on our computer we have made a spread sheet of all our money earned doing odd jobs and added pocket-money given, as well as our money spent and what it was spent on. We have done this for one week and the results so far are.

IMG_0562We earned:

Lee – £25

Bradley – £15

We spent:

Lee – £20

Bradley – £11

Saved:

Lee – £5

Bradley – £4

We earned a  fair amount in odd job’s this week and with our pocket-money on top took us to a good amount but we then go and waste it at school in the canteen and whilst out with our friends…..As teenagers do we guess.

Looking at our outgoing’s and what we spend our money on we are going to work this week on minimising this and getting some more money saved next week…Well try our best to anyway.

Well we have managed to save some of our money this week this is already a bonus compared to other weeks so already this project is helping us. We work at our local market, we help them set up in the mornings before school and then go back and help them pack away after school, we help do this twice a week, on a Monday and then again on a Wednesday so this gives us a little extra pocket-money each week, we are planning on helping their more in the school half-term week so this will help us get some extra money to give our savings an extra boost, we can then get the football tickets and computer game quicker that we are saving for.

The family investments project is really helping us with some money-saving help, we are learning how to budget our money and learning that we can save for bigger and better things.

Disclaimer: This is a follow on post as part of a project we are working on. 

2 Comments

  • laurasidestreet

    28/01/2015

    Oh so nice to read a blog post from the perspective of teenagers about such a great topic – really good to see they have an interest in budgeting there weekly incomings and outgoings.

    Laura x

  • Jenny

    28/01/2015

    I am trying to teach my 4 year old to save his pocket money but he loves to spend it! I think you are never too young to learn about money.

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