Whether you’re saving for your first car, concert tickets, or just more independence, learning how to manage money early sets you up for life. You don’t need a big paycheck to start – just a plan, a little discipline, and the right tools.
Know where it’s going
Before you can save, you need to understand your spending. Track what you buy for a week – snacks, apps, streaming, rides – everything. You might be surprised how fast small purchases add up.
Want an easier way to see the big picture? Try Money Management in digital banking. It automatically tracks your spending, organizes it by category, and shows you where your money’s really going – so you can stay in control and reach your goals faster.
Pay yourself first
Whenever money comes in (allowance, birthday, part-time job), put a portion in savings before you spend the rest. Even 10% adds up over time. A Rize Teen Checking account makes it easy to move money between checking and savings and keep track of your progress.
Plan ahead for holiday spending
It’s easy to get caught up in the giving season – and just as easy to overspend. Before you shop, set a limit for gifts, outings, or online orders. Get creative: homemade gifts or shared experiences can mean more than anything you buy. Learning to stick to a budget now will help you all year long.
Set one short-term goal
Saving feels easier when there’s something specific in sight – new headphones, a school trip, or your first car fund. Create a mini savings goal and celebrate when you hit it. That sense of accomplishment is what builds good money habits.
Ask questions & stay curious
Money can feel complicated, but it doesn’t have to be. Ask your parents, teachers, or the Rize team about things like credit, budgeting, or how interest works. The more you learn now, the more confident you’ll feel later.
Money isn’t just about spending – it’s about freedom, choices, and the future you’re building. Start small, stay consistent, and remember: every smart move today sets you up for something bigger tomorrow.