![]() ![]() ![]() Pssst: does your teen have their first job? Here are 7 money conversations to have after your teen earns their first paycheck.Īlso, you may notice that some of these items border on needs. Instead, I’m offering this list of teenager monthly expenses as a jumping-off point for money conversations to have with your teen, and help with them setting up their budget. Remember that “common” doesn’t mean it needs to be the norm in your own household. Psst: you might want to check out these 3 sample budgets for 18-year-olds. helping them to figure out how to spend less money as a teenager (if they're overspending)Īlright, let’s dive into the list of common teen expenses.motivating them to earn more money (if they can’t get the things they want, when they want them, etc.) through a job app for teens or by getting their first teen job.teaching them how to do things like make savings goals (41 things to save up for as a teenager and how to save money as a teen).And when you get a teen planning with their money, then you’re really: Why else should a teen figure out their expenses? What they might need to spend money on over the next weeksīy listing out teenage expenses, and sitting down with your teen to get clear on what is required of them, and what they’re allowed to spend money on, you’ll be helping your teenager with their budgeting skills.What’s expected of them (money responsibilities to pay for).We all know that budgeting and learning how to budget as a teenager (and then as an adult) is an important money life skill for your child to have.īut…how are they supposed to use a teen budget worksheet and learn teen money management if they’re not sure about: Which is why I’m offering you first, some guidance (in the form of things to think about), and second, a long list of possible teenager expenses.įinally, we’ll talk about some teenage spending habits so that you can get an idea of what real teens are spending their money on.įirst up, why is it important for you and your teen to come up with a list of teenage expenses? Why a List of Teenage Expenses? There are literally limitless variations for teenage expense lists. While other teens will spend lots of money on snacks, so will need an extra-large-sized category for food spending. ![]() Some teens will desperately love getting their nails done on a consistent basis, so will add that to their “expense” list. Some households will shift a cell phone bill responsibility onto a teenager, while others will keep paying the cell phone bill because they want to have 100% control over its use. the parents (the money responsibilities they expect a teen to pay for, and what they will allow a teen to buy with their money)īecause of this, every single household is going to have a different list of teenage expenses.the teenager (their wants, and what they can afford). ![]()
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