Money Saving Tips for Teenagers: How to Make Cash Go Further

Being a teenager can be expensive, from buying clothes, beauty products and gadgets to hanging out with friends. Learning how to save money now not only helps you to afford the things you want AND builds good habits for the future. Here’s a guide packed with practical ways for UK teens to get cheaper deals, spend wisely, and make their money go further.

Take advantage of student and teen discounts

Many shops, restaurants, and online stores offer discounts specifically for students and teenagers. Tips to save:

• Sign up for a Young Person or Student ID card, such as TOTUM, for discounts at popular retailers. Totum is available for everyone aged 16 or over who is in an eligible form of education.
• Check retailer apps for app-only offers and special promotions. I’ve recently signed up for a Superdrug card and I’ve saved up loads of points towards treating myself to something I want.
• Take advantage of cinema and leisure discounts at chains like Cineworld and Vue.
• Always ask if a teen or student discount is available – even small savings add up.

Shop smart: sales, coupons, and cashback

Timing and smart shopping can make a big difference:

• Look out for end-of-season sales or Black Friday deals.
• Use voucher codes or cashback apps like Quidco when shopping online – if you click on the link to sign up you’ll get £20 for free – it’s my referral link so I might get some cashback too.
• Compare prices across multiple websites before making a purchase to ensure the best deal.

Budgeting: track your spending

Understanding your spending habits helps you save:

• Use a notebook or budgeting apps to log your weekly spending.
• Set clear savings goals for items like clothes, gadgets, or outings.
• Keep your savings separate in a teen bank account or piggy bank to avoid temptation.
• Save small amounts regularly – it adds up faster than you think.
• I’ve got a savings account I can’t access until I’m 18 and 20% of everything I earn goes into that so I know I’ve got some money built up for when I need it.

Make your money go further

Small changes can stretch your cash:

• Buy second-hand items from charity shops, eBay, Depop, or Facebook Marketplace.
• Swap games, books, or clothes with friends instead of buying new.
• Make your own gifts, cards, or accessories, it’s fun and cost-effective.

Free and low-cost activities

You don’t need to spend a lot to have fun:

• Check local libraries, youth centres, and council websites for free workshops and activities.
• Enjoy parks, nature walks, or picnics instead of cafés or cinemas.
• Use free online resources like YouTube tutorials, eBooks, and apps for entertainment.

Smart food and snack tips

Eating smart saves money too:

• Bring your own snacks or packed lunches instead of buying food daily.
• Use supermarket loyalty cards and watch for multi-buy offers or clearance sections.
• Learn to cook simple meals at home, it’s cheaper and healthier than eating out.

Earn while you save

Making a little extra money helps your savings grow:

• Offer services like dog walking, babysitting, or helping neighbours with gardening.
• Sell old clothes, games, or crafts online.
• Use talents to perform or create online content.
• Put a portion of everything you earn straight into savings for faster growth.
• I’ve got a blog post with lots of money making ideas for teenagers.

Final thoughts

Saving money as a teenager doesn’t mean missing out on fun. By taking advantage of discounts, budgeting wisely, shopping smart, and earning a little extra, you can make your money go further while still enjoying your favourite activities. Start small, stay consistent, and watch your savings grow over time. It’s great to get your friends involved too because they’re probably in the same position and it’s easier if you’re all sticking to a budget.