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How Can I Save Money Living In NYC?

There are few cities in the world more recognized and popular than New York City. NYC is often termed as “The City That Never Sleeps”. This Metropolitan city is extremely diverse and always busy, and that characteristic is what has garnered all the attention for it. 

Brooklyn and Manhattan are what most people picture when they think about New York City, as they are shown the most in movies and TV. However, both of those areas are expensive to live in, and getting by can be difficult for some. Despite that, New York City isn’t as expensive as you probably think.

Most New Yorkers are people who are always on the move, working more than one job, and just trying to make it in this competitive city. If you’re one of them, we’ll show you how to save money living in NYC.

Save Money On Housing

The reason New York City is so often considered to be expensive to live in is because of housing. Most people assume that places like Brooklyn and Manhattan have apartments with high-rent, which is true for the most part. However, living in New York and the cost of living isn’t that insane.

Saving money in NYC isn’t hard, and we’ll show by teaching you how to save money in New York when it comes to housing. Below are a few ways to save on the cost of living.

Move To An Affordable Location

Like we said, living in New York can be expensive amidst the Brooklyn and Manhattan areas. However, the best way to save money in NYC is by moving to an affordable location. Since the city is so easy to move around, New Yorkers have the advantage of using public transport to get to work quickly.

There are a few popular neighborhoods within New York City that you could move to. There is Washington Heights with all of its beautiful parks, Harlem with its large community, and much more. Even places that weren’t considered the best once have gotten much safer in 2020. Hell’s Kitchen is a prime example of such a neighborhood.

While this is one of the more obvious ways to save money in NYC, it is something to take advantage of. Even if you think that moving to a location further from your office is counter-intuitive, it might end up being a great money-saving idea.

Research Apartments Thoroughly

If you are just moving there and thinking of living in New York, then you’re likely aware of the costly rent in most areas. It’s higher than most other cities in the country, however, there’s one major culprit behind it: Broker Fees.

If you want to know how to save money in NYC, then this is the best tip we can give you, and that is to hunt for apartments on your own. Brokers will often show you various apartments, and once you finally like one, they will charge ridiculous fees. That’s what you sign up for when you deal with a Broker.

Living in New York is expensive, to begin with, and if you want to save money, paying broker fees on top of rent is not ideal. Thoroughly search for apartments on sites like Craigslist, and try to find the actual Landlord or owner yourself.

Dealing with Brokers is more of a hassle anyway, as they usually don’t have any idea what the customer wants. It is extortion in every sense of the word, so this is a major money-saving tip to follow and worth taking advantage of if you can.

Get A Roommate

If you have seen a certain popular TV show that was set in New York City (I’m talking about the show Friends, of course), then you know that roommates are extremely common in most areas of New York City.

Well, it really shouldn’t be too much of a surprise, since the cost of living is higher than other cities. Getting a roommate will help you to split rent costs and save money on that. Apart from that, you can even split the costs on furniture, appliances, subscriptions, and much more. 

However, getting a roommate isn’t as glamorous as shown on TV, most of the time. You’ll have to meet a lot of people to find the right person. Look for someone who is responsible and will respect your boundaries. That’s easier said than done, but maybe try asking a few friends or family.

At the end of the day, getting a roommate is one of the best ways to save money in NYC, so it’s worth it to take advantage of.

Sublet Your Apartment When Traveling

If you’re going out of New York City for a week or two, this is something you should absolutely take advantage of. This is one of the best tricks to learning how to live cheaply in NYC. People who are visiting there are always looking for cheap ways to stay in NYC.

Cashing in on this easier than you might think. Inform your landlord that you will be traveling outside the city for some time and that you want to sublet the apartment. If the apartment is rent-stabilized, there should be no problems.

So how can one sublet their own apartment? Well, it’s much easier these days. You can find groups online and post there. The most efficient way of doing this is none other than putting the apartment on Airbnb, and you’ll quickly get a lot of requests for sure.

Food And Groceries

Well, that’s the housing part covered. If you use some of the tips in that section, you’ll already be saving a lot of cash. However, we still have a lot of room for improvement, so get excited! Next up, we’re moving on to food and groceries.

New York City is known for its abundance and diversity in restaurants and food. The culture also happens to revolve around food and eating outside a lot. However, there are a lot of ways to save money here too.

Eat Most Of Your Meals At Home

I know this might sound boring and obvious to some, but this is advice worth heeding. Buying groceries and cooking your own food at home will always be cheaper than eating outside. People don’t realize just how much money they can save in this way.

If you enjoy cooking, this is even better. You get to enjoy a hobby you like while saving some money. Even if you’re not the greatest chef in the world, you can learn some quick and easy recipes for lunch/dinner. If you eat at least two of your meals at home, you’ll save a lot of money.

New York usually has cheap breakfast all around, and many places have lunch discounts. Dinner is comparatively most expensive, so see if you can eat the last meal of the day at home.

Pack Your Lunch

This one ties into the last one but could be a lifesaver if you think about it. Think about all those times you were walking down the street to work or back from work. You get hungry and just go to the nearest restaurant to satiate your hunger.

If you pack your lunch, you’ll end up saving a lot of money and time too. As you won’t be spending unnecessary money. If you can learn how to cook, living in New York can be much easier.

Also, always carry a reusable water bottle with you at all times. Buying bottled water is a waste of money when tap water in NYC is good enough for anyone. A lot of restaurants will even refill these bottles for free, so take advantage of that. Drinking water regularly is also more economical than buying a soda or something similar.

Shop Online

Do you always end buying groceries that you never use? Well, a good way to stop spending on useless stuff is to buy online. You’ll only buy the things you need and won’t stop the gawk at all the fancy items that look good but have no practical value at the end of the day.

This is also a help if you want to get into cooking, but don’t want to waste time with a trip to the grocery store. A lot of stores also have online discounts more regularly than the actual store location.

Lunch Discounts

As I mentioned before, lunch is much more affordable in NYC as compared to dinner. This is because most restaurants have lunch specials and discounts during the afternoon hour. If you are looking to eat out during this time, look for these deals during the afternoon.

Food Trucks Are Your Best Friend

NYC is famous for its expensive and fancy restaurants, sure. Despite that, the city also has one of the most diverse street foods in the world. You can find anything from empanadas, burritos, sandwiches, and even salads. Food trucks are all over the city, and you’d be surprised by the quality.

Of course, you’d have to hunt them down a bit, but they’re much more reasonable than an expensive restaurant.

Happy Hours

Drinking in NYC can be quite the luxury, as the prices are incredibly high compared to anywhere else. Expect to pay at least $12-$16 on a cocktail, depending on where you go. If you are the sort of person who enjoys a drink after a long day at work, be on the lookout for happy hours.

Happy hours are exactly what they sound like. Many bars and restaurants offer Happy Hours in which drinks can be bought for a heavily discounted price. This varies from bar to bar.

Use Public Transport

New York might be infamous for its high living costs, however, it makes up for that with its excellent public transit system. There are subways, buses, car services, all that can be taken from anywhere in the city.

The city is easy to navigate, although an outsider might feel a bit lost at first. However, if you can learn about the routes, public transit will seem like a breeze. Driving a car in NYC traffic is quite the frustration anyway. So save yourself the headache and the money, and go for public transport.

Want to use buses and the subway? Have a look at the Metro Card. This is a monthly card you can get for a fixed fee that lets you enjoy unlimited rides for the whole month. However, a monthly card can be about $127 a month, so be sure you use public transport a lot before investing in that.

Affordable Activities 

Just because NYC is expensive doesn’t mean you need to spend a lot of cash to have fun. In fact, you could have a lot of fun without even spending a single dollar in some cases. We’ll quickly go through some of the more popular stuff.

Go For A Walk Or Run

Surprisingly, the NYC metropolis is incredibly popular among runners. There are a lot of routes to run through in many neighborhoods, with a lot of sightseeing included as a bonus. The Central Park Loop, Brooklyn Bridge, and Manhattan Bridge are extremely popular for this sole reason.

Go To A Museum 

Many museums in NYC are completely free to discover, and others mostly ask you to pay what you want. The incredibly popular MET and even the Museum Of National History are included in this. Other museums also have free days/hours, so be on the lookout for that.

Cheap Theatres

A lot of theatres and cinemas in New York often have discounts at certain hours, and this is common when a new Blockbuster is airing. Follow all of your favorite cinemas on social media, to be alerted of these great deals. If you’re a movie snob, we have an even better tip.

You’ve probably heard of the AMC cinemas around the city. You can sign for a $24 monthly membership program, which lets you watch three movies a week. That adds up to 12 movies you can watch in the cinema if you go every week. You also get free popcorn size upgrades and soda refills.

Try Kayaking

If you previously lived in a place where this wasn’t possible, or simply never gave it a shot, now is a good time as any. During the summer, you can kayak along the Hudson River, without paying a single cent. This only works during the summer holidays.

Explore The Parks

Just because the city is packed with tall buildings doesn’t mean there is no lush greenery around. NYC is home to many beautiful public parks, all of which can be explored for free. You’re already aware of Central Park. If you haven’t been there yourself, you’ve seen it in movies and TV, even video games.

Apart from that Washington Square Park, City Hall Park, Battery Park, are all extremely popular. In fact, NYC has over 1700 parks, so there’s something for everyone.

Broadway

Broadway is one of the top three tourist and visitation spots of the city. Plays can be quite expensive on Broadway, so before you spend the full amount for the ticket, always look around for a discount. There are many apps made specifically for this.

If you are someone who believes in good luck, try your hand at the Broadway Lottery tickets. They are free to enter and if you win, you can get great seats for a discounted price.

Visit The Public Library

The New York Public Library is extremely popular among students and bookworms. They have millions of items and several locations around the city. They are also a great place to sit down, relax, and get some work done.

If you are the type who buys a lot of books, maybe try renting them so you can save money. Alternatively, join a book club or try to trade books with friends and people you meet there.

Other Free Attractions

In such a big city like New York, there are bound to be a tonne of attractions for all sorts of people. There are playgrounds, basketball courts, tennis courts, among other things. If you are someone who likes sightseeing, there are a lot of options for you as well.

The Brooklyn Bridge and Grand Central are both popular tourist spots, so go visit them every now and then to see if you can meet new people. You can also visit the world trade center memorial. You can also visit the World Trade Center Memorial for free, but the museum admission costs money.

The best thing you can do is to get on the Staten Island Ferry to get an up-close and personal look at the Statue Of Liberty.

New York also hosts a lot of concerts, festivals, and parades over the year. Parades are incredibly popular during Thanksgiving and other holiday occasions. They are a good way to have fun.

Other Ways To Save Considerable Cash

Well, up to this point we’ve covered all the essentials and how you can save money on them. However, there are a lot of smaller areas in life where you can save money while living in New York too. Let’s have a look at some of them and see how much of an impact they really make.

Get Rid Of Cable

Ask yourself an honest question, when is the last time you actually thanked that you used all the channels that came with your cable subscription? You’ll struggle to find a decent answer. It’s baffling as to why so many people are still paying for costly coaxial connections. 

NYC is a place that has good internet across the city, so you can easily stream all your favorite shows wherever you are. Seriously, it’s time to cut the cord and be free of this useless expense.

Share Subscriptions

Speaking of subscriptions, they can quickly start to add up in our day and age. Netflix and Spotify are the obvious ones, and they are both $10 a month on average. However, you might like other shows on HBO too, so that’s another subscription. Now add in magazines, newspapers, and the cost adds up.

If you have a roommate or neighbor that is willing to split the costs, it is seriously worth considering and will save you a lot in the wrong run. If you’re in college, ask a few friends and they’d strike a deal with you.

NYC Newsletters

The Time Out New York Newsletter, Gothamist, and Nonsense NYC are all great online newsletters if you want to stay up to date with what is going around in the city. These will also often alert you of deals, discounts, and even free events. All of this is delivered to your inbox. You might even get a few perks from some newsletters for signing up.

Don’t Skimp Out On The Essentials

I know I’ve already talked about most of the essentials. This includes housing, food, entertainment, and utilities. However, there are a few essential utility items that you should carry with you everywhere you go.

Purchase a sturdy water bottle that you won’t ever lose or break. Think of this as the last water bottle you buy, and go for a well rounded one. You don’t want to keep buying them after a couple of months. The same can be said about running shoes. New York is a place that requires a lot of walking.

Invest in a few pairs of shoes that are of high quality. Make sure you can use these every day. They should be comfortable and last a long while. Also, carry a backpack and a good pair of headphones with you. These are all items that can be expensive, so invest in them once so you don’t have to replace them every now and then.

Final Thoughts

If you follow all of these tips and tricks, you should already be saving a lot of money. See? Living in one of the nicest cities of the world doesn’t have to be as expensive as one might think. 

While NYC can be quite a costly place to live in, it’s not as bad as the media portrays it. Also, make sure to enjoy yourself and take in the city for all of its beauty. Hopefully, we’ve achieved our goal and now you know how to save money while living in NYC.

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How Much Should You Keep In Savings?

The question of “How much money should I have in savings?” is extremely common. This is especially true among millennials and the younger generation these days, as student loans and other debts are much more expensive these days. We all know we should be earning money, and also be aware of how we’re spending it. 

But if the question you are asking is how much money should I have in savings, well it’s not exactly the easiest thing in the world to answer. All of this is mostly relative, so if you’re a bit confused just remember that there is no exact number. 

However, there are a few ways to figure it out for people thinking about how much cash should I have in savings?. Before we even get into that, we have to get two things out of the way.

Be Aware Of Your Income

I can’t stress this enough, if you don’t already have a savings account, you must create one as soon as possible. I say this because it is extremely important to know the difference between your month’s worth of expenses and month’s worth of saving. Every dollar of your income needs to have a purpose to it.

Of course, all of this depends on how much money you make. But even if you don’t make much, or are struggling to get by even, contribute whatever you can to your savings account. This way you’ll feel a tad bit safer in the future.

Worry About Your Debt First

There is no way to sugarcoat this, debt essentially steals your money and destroys your future plans. Interest rates can drive up over time, and the more you let the debt build, the more you’ll have to pay in the long run. Calculate your month’s worth of expenses, and try to put the rest of your income to pay off your debt.

This sounds drastic sure, but let me explain. Let’s say you have a lot of credit card debt which has piled up over the years. If the amount of money you have in a savings account is less than the credit card debt, then you have a negative net worth.

It doesn’t matter how much money you have in that savings account. In reality, it’s not even your money, as you owe it to the credit card company. So your actual money-saving journey kicks in when your debt is paid off. Don’t put this off, and try to resolve it as soon as possible.

This doesn’t mean you should put all the money from your savings account into fulfilling your debt either. It will be a drastic amount, but try to set the bare minimum of $1200 aside for emergency funds. This could be helpful in case of a rainy day. We’ll talk more about emergency savings later. Finally, let’s get to the matter at hand.

How Much Money To Keep In Savings

Finally, let’s attempt to answer the question on everyone’s minds: how much should you have in savings. Remember, all of this advice and information isn’t exactly objective, but it should give you a general idea. The number will be different for everyone, but we can take a guess based on age, income, and monthly expenses.

So, the answer to how much should I have in savings, depends on the type of thing you are saving up for. Let’s break it down. Savings aren’t just all about retirement, as you’ll quickly learn by reading below.

Emergency Funds

I mentioned emergency funds briefly above, so what does it really mean to have money stashed away for emergencies, and how savings should I have, I hear you ask?. Emergency funds should cover all of the completely unexpected expenses.

Did a medical emergency come up? Use the emergency funds. Does your car need a new set of brand new tires? Use the emergency funds. They are even more important if something threatens your job security, and you could be out of income for a few months. Having emergency savings should help in that.

Let’s calculate the amount you need. Gather all of your grocery receipts, electrical bills, utility bills, mortgage, etc. We’re talking about all of the essential utilities you need to get by. Internet and phone bills are also included. We’re doing an audit of sorts, so gather all of your essential expenses for the past three months.

Then add up everything, and have a look at what you need to survive for three months. These are just the essentials, so things like books, subscription services, games, etc, should not be included.

Start building up these emergency funds, it should take you some time. The average emergency fund should be able to cover you for about three to six months if you happen to be out of income. Some people recommend more, but the average advice is to aim for six month’s worth of funds

What’s The Point Of Emergency Funds?

Emergency funds will keep you afloat for three to six months if anything unexpected happens. This way major disasters can be a bit lighter on the wallet. If you can aim for more than six months, that’s even better. Of course, this won’t be easy at first. You might even have to look at part-time jobs if you’re a student.

However, you’ll be incredibly thankful to yourself that you did this. As you won’t go into panic mode whenever bad happens, and at least the financial worry can be taken out of whatever situation you are in.

If you can keep building these funds, and aim for even a year of emergency funds in total, you’ll rarely worry about minor inconveniences.

Retirement Savings

Having money in a savings account is important. Having separate accounts for current, savings, emergency, and retirement funds is even smarter. There are a lot of ways you can save up for retirement savings. However, we only recommend doing this once all of your debts and loans are paid off.

You don’t want to be paying off loans even in your retirement age, and that money should be spent on living the rest of your life peacefully. It wouldn’t be pleasant if the money you gathered in your savings account for all those years would be wasted on paying debts. 

Retirement savings are important so that you can relax after all those years of hard work. How can you save up for them? Well, that depends on where you live. Once your debt is through, consider signing up for a 401K or Roth IRA retirement program with the company you work with.

Of course, this only applies if you live in the USA. However, most countries have similar programs for retirement. Be aware of tax deduction, and compound interest rates. The sky’s the limit, so try to contribute to your retirement savings as much as you can.

The Numbers

If you want some average numbers, let’s quickly go through them. By your late 20s, you should have one year of your annual income contributed to retirement savings. That means if you earn $70,000 per year, your retirement savings should have the same amount.

It is recommended for people from ages 35 to 44, to save three times the amount of their annual income. This might seem like a large sum, but start contributing early on and you’ll get there in no time.

Most people hit their peak earning in the ages of 45-50, which means it’s very risky to switch careers at this point. Experts recommend aiming for six times the amount of your retirement figure.

By age 50-65 you will need to have saved up eight times the amount of your annual income. 

Other Expenses

So you’ve figured out how much you need in emergency funds, and how much to aim for your retirement savings. It would be awfully convenient if those were the only things you needed to save up for. However, life is not that easy, and life can be expensive at times.

Let’s say you want to get married. The average American wedding costs more than $30,000. The cost of a wedding is still pretty high in other countries as well. Thinking of buying a new car? Well, you’ll need to account for tax, monthly gas expenses, and maintenance too. If you want to take a vacation, that’s also quite expensive, especially if you have a family.

We recommend setting up entirely different savings accounts for all of those expenses. Of course, you might have to work a little harder and maybe even find multiple sources of income, but that’s the cost of living in an expensive world like ours, especially in this day and age.

However, if you’re set in all of these departments, you will never have to worry about money for the most part. 

Sure, finance can be a bit boring to some, but financial freedom has a nice ring to it, doesn’t it? So if you start to worry about all of this stuff soon, eventually you’ll be ready for whatever heads your way.

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How To Save Money As A Teenager

When you’re a teenager, you happen to want a lot of things. Whether that involves cool stuff that your friends have or bigger goals like getting into a good college. Before I tell you how to save money as a teenager, there are a few things I’d like to get out of the way. Saving money for teens is a lot easier than you might think. 

Sure, most teenagers don’t have a lot of cash/income, to begin with. But if you start little by little, you’ll thank yourself years later. If you start to save money now, you’ll also get a sense of how to handle money as an adult. But enough talk, let’s get into some money-saving tips for teens.

Open A Savings Account

Opening a savings account is an important way of learning how to save money fast as a teenager. Having a bank account obviously has its benefits, but setting aside a separate one just for savings will be helpful. It doesn’t matter how much you put into this account, but it helps if you have a target of some sort.

For example, if you get $50 to spend every week, calculate how much you need for your spending needs. After that, put the rest into a savings account. You can also set a strict amount of money you want to put aside, but it’s doubtful that you’re getting a consistent amount of income anyway.

Most savings accounts also have an interest benefit, so the longer you let that money sit, the more it will grow. Of course, this depends on the monthly fees and other charges your bank takes from your account. I recommend a lot of research before you open this savings account to find the right bank for you.

Money management for teens is important, so here’s another tip: Try not to touch the money in your savings account. We call it a savings account for a reason, only withdraw that cash when you absolutely need to or when you’ve reached your goal.

Always Remember Your Goals

This is something that applies to almost everything in life, whether it’s personal finance or personal development. Once you have a savings account, it’s time to set your goals. Most likely you clicked on this guide because you want to buy something expensive, or save money for future endeavors.

Saving money for something expensive won’t be easy, so how can a teenager manage their money? Well, personal finance is something you will have to learn. Try to understand the difference between essential items and luxury items. 

The next time you want to buy something expensive, take a step back and think if it’s really that important. Weight the pros and cons. If you can get by without that purchase, save money for that expensive object you desire. This is the best advice anyone can give when it comes to saving money.

Find A Part-Time Job

As a carefree young adult, finding a part-time job can be boring for money. But nothing in this world can come about without hard word, and that just so happens to include part-time jobs as well. There are a lot of things you can find to do as a young adult to get some extra income and save money towards your goals.

Go to your local mall, shops, and stores to see if they have any openings for a retail job. It sounds a bit old school, but usually, the shifts aren’t that bad to work with. If you can find something you’re even mildly interested in, that’s even better. For example, if you are a tech enthusiast, find a job in a computer store or something similar.

You can also do a lot just from home. If you are the creative type and interested in design, try digital illustration and graphic design. There are a lot of places where you can sell digital art online too. If you can make logos, try to find a few clients to do that for. You can also write research papers for other kids for a bit of money.

You could also do some housework or extra chores around the house. If not, try to see if there are a few chores you could do for people in the neighborhood.

Always Carry Food And Water With You

This is something probably every young adult has gone through. You get hungry all of a sudden in the middle of class, and then you spend a lot of money on lunch, only to regret it later. Sure, it’s good to treat yourself every once in a while, but excessive spending isn’t going to help.

I’m not saying you shouldn’t eat out at all, but taking lunch with you to school will save you a lot of money. Even if you do it for only a week or two, you’ll be surprised by how much you saved. This is another great way to save money.

You might be thinking saving money isn’t easy, but with a few small compromises like taking your lunch to school will help a lot. Most parents won’t mind helping you out in this regard either. Avoid vending machines too, as you end up spending a considerable amount that you don’t even acknowledge. You’ll save money from that alone, and a good amount too.

Personal Finance

I have mentioned personal finance here and there in this article, so let’s explain it quickly. Personal finance is the financial management that you perform to calculate how much you earn, how much you spend, and how much money you save. It is important to sit down for a bit and calculate all of this out to an estimated value.

Seriously, if you can figure out how to save money without mindlessly spending it, you’ll already be ahead of a lot of people. Saving money is something even adults struggle with, so if you can understand your personal finance soon, you’ll be even better at it as an adult.

Another tip for personal finance is keeping track of what you buy. Save all of the receipts you receive, and calculate your spending every month. There are also a lot of great apps for this sole purpose. This will make it much easier for you to calculate your spending habits.

Sell Stuff You Don’t Need

If you want to save money as a teenager, this is a small sacrifice you’ll have to make. Think of all the old stuff you have lying around: old gaming consoles, cartridge, childhood toys, mp3 players, books, board games, etc. Ask your parents to arrange a yard sale, and sell all that stuff you don’t need.

If you like playing games and buy physical disks, sell games you’ve already played before buying new ones. This way you’ll always have some money to buy games too. It’s also much more economical than having a large collection.

Take Advantage Of Coupons

Many large sites like Amazon, Best Buy, and others have huge sales all year round. Try to always be on the lookout for these. If there aren’t any sales, try to hunt down coupons for any purchase you make online. This will save you a lot of money in the long run.

This is especially helpful during the holiday season. A lot of companies have their products on sale, but you can easily find many coupons during the holiday season, and this drives the price down even further. Also, if you want to make any big purchases, try to wait it out for sales like these if you can

Make Use Of Your Student ID

A student ID can prove to be much more important than it actually sounds. A lot of subscription services and sellers offer benefits to students, so make use of them whenever you can. Many clothes retailers also offer a lot of discounts to students.

Apart from that, if you’re thinking of buying any courses online or joining a program, a lot of them are completely free as long as you have a student ID. Always be on the lookout for student discards. Don’t be shy to ask either, as many organizations will be glad to help out students.

Try To Pay With Cash

This isn’t exactly a technical way of saving money, but hear me out. If you have a credit card, you probably usually pay for stuff through that. Well, research shows that people who pay cold hard cash are usually more aware of their spending habits. Now I know you can’t use cash everywhere, especially for online services.

However, whenever you go to a local store, the movies, or even a night out with friends, keep cash with you. The physical feeling of giving money away irks some people for a reason. This is more of a placebo effect than anything, but if it works for you then there’s no harm in trying.

Final Thoughts

To be completely honest, saving money as a teenager isn’t the easiest thing in the world. But with enough perseverance, you’ll eventually get there. Even if you use a few of these techniques, you’ll be surprised to see that money management for teens isn’t as impossible as some might think.