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How to Budget Your Money as a Teen

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Whether you’ve just started your first part-time job or want to make better use of an allowance, learning how to budget your money as a teen can help you get more out of your money. Budgeting doesn’t just help you save money or buy the things you want, either. The good news is, creating a budget doesn’t have to be complicated.

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7 Short-Term Financial Goals and How to Achieve Them

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Setting money goals is an important part of planning your financial future. Short-term financial goals, in particular, can help you jump-start your financial planning. What is a short-term financial goal? Short-term money goals are generally smaller goals that you plan to reach within a year.

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How to Set and Achieve Financial Goals

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A financial goal is a specific objective you set for yourself to achieve in a period of time, like the destination at the end of map directions. Setting financial goals helps you improve your financial situation, whether you want to pay off debt, buy a home or fund retirement. Rebalance your budget. Decide on your priorities.

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What Is Zero-Based Budgeting?

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Instead of creating a traditional budget, many individuals are opting for an old-school method called zero-based budgeting. For zero-based budgeting to work, its subscribers must be utterly committed to accountability. If you’re not ready to assign a purpose to every dollar you spend, this budget isn’t for you.

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Do I Really Need a Budget to Manage My Money?

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Have you tried to set up a budget to manage your money in the past but just felt frustrated and hopeless? Budgeting often brings up images of someone diligently entering numbers on a spreadsheet and trying to get the math to come out right. Experts will tell people with irregular incomes to budget for their lowest earning month.

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Using a Financial Planning Checklist Can Help You Meet Your Goals

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Although it might sound tedious, dedicating a little time to checking in on your bank statements, confirming you’re saving enough for retirement and reviewing the financial goals from the beginning of the year can help ensure you are on the right track. It also gives you time to make corrections if needed.

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Helpful Budgeting Tools to Keep You On Track

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Creating a budget can often be daunting. Instead of feeling down about your budget, find some tools like budgeting apps, spreadsheets or even features offered at your bank to help you keep track of your money. Using budgeting tools will offer less hassle and let you keep working toward your financial goals.

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