How this calculator can help
If you’re in middle or high school and you have your basic needs (housing, food and clothing) paid for by parents or guardians, the Budget Calculator For Teens offers a quick and simple approach to figuring out how much each month you should place into savings and spend on being responsible. Additionally, the Teenager Budget tool recommends how much to put toward your short-term savings goals and your long-term career plans. Lastly, but not least, the best parts of this budget allow you to prepare for the two joys of being generosity and having fun.
This tool can help you fix the dilemma of never having anything left over after payday to spend on fun and high priority activities with family and friends. Too many teenagers spend 100% of their income within a day or two of payday, leaving nothing for savings, long-term goals or generosity. Living within the Teenager Budget recommendations, you can have your cake and eat it too.