What is a good budget for a teenager?

What is a good budget for a teenager?

Aim for a 50/30/20 budget. If you find that your necessary expenses are more than 50% of what you're earning each month, you'll need to adjust the proportions of your budget. For example, if necessities are costing 70% of your income, adjust your wants down to 20% and your savings to 10%.

How much money is a lot for a teenager?

Older teens earn the most In addition to adding up how much teens earn as a whole, MarketingVOX and Rand also looked at what they're earning at different ages. Among the 15- to 17-year-old crowd, the average annual wage is just over $4,900. That's nearly double the $2,700 kids aged 12 to 14 are racking up.