Making money is awesome—but what you do with it matters even more. Whether it's from a job, gift, or hustle, knowing how to manage it means you won't be broke next week, and future-you will thank you.
Money you get—from a job, side gig, or birthday card.
Money you spend—on food, apps, clothes, whatever.
Money you don't touch—so you have it later.
Money you do touch—on stuff you need or want.
A plan for where your money goes so you don’t run out.
Free money your money makes. Magic (but real).
Before you buy anything, put a little into savings. This helps you build a habit of saving without overthinking it. It’s how you start building financial freedom early.
Write down or use an app to see where your money is going. You'll quickly spot small stuff that adds up. It’s the easiest way to stop wasting money without even realizing it.
Make your money goals Specific, Measurable, Achievable, Relevant, and Time-bound. That way, they're clear and realistic. You’ll stay focused and actually hit your targets.
Food = need. That third hoodie = want. Once you see the difference, you’ll start spending with more purpose.
Decide in advance where your money should go. This keeps you in control instead of wondering where it went. A good budget means fewer money regrets.
Spend 50% on needs, 30% on wants, and save 20%. It’s an easy way to make sure your money stays balanced. Even if you tweak the numbers, the rule gives you a smart base.
Set up auto-transfers to savings each time you get paid. You won’t miss what you don’t see. It makes saving effortless and consistent.
Using a bank account helps you track and grow your money securely. It also helps you avoid spending cash too fast. Plus, it builds habits for adult life.
Compound interest is when your savings make money—then that money makes more money. The earlier you start, the more powerful it gets. It's like putting your cash to work for you.
What should Emma do?
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Emma should save $25 each week, avoid impulse spending, and track her savings until she reaches $300.
What should Jayden do?
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Jayden should divide his income using the 50/30/20 rule and put 20% directly into savings.
What should Sara do?
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Sara can split her money: $50 into savings, $30 for spending, and $20 for a donation or gift to someone else.
If you're ready to take your money management to the next level, check out Aspire Budgeting. It's free and built for people who want to be more intentional with their spending—without all the fluff.
Hey! I'm Jack Pong, a student at Sir Winston Churchill Secondary in Vancouver. I made this site as part of my Capstone Project to help teens like us figure out what to do with our money once we start making it. Hope it helps you feel a bit more confident about managing your cash!
