How to Save Out of Your Pocket Money

Everyone wants to have more than enough money in his or her pocket to be able to do meaningful and productive things. This makes savings important, so I will be addressing questions that run through the heart of teens about savings. I will also be sharing my personal experience with savings.

Saving money simply means setting money aside to spend in the future. There is no one “right” way to do it and no amount is too small to save. It is important for teens to understand that the amount they save is not nearly as important as the habit of saving on a regular basis.

Small amounts saved consistently over time can grow into significant savings. It is a common saying that “Ideas rule the world”. But think of this, there are many ideas that might be running through your heart right now. Thinking on those ideas does not make you the ruler of the world if you cannot execute these ideas.

So I will say that the executors of ideas are the ruler of the world. Among several reasons why we should save out of our pocket money, is to help us achieve our goals in life.

Taking a clue from my personal experience, I had a goal to start my Master’s degree immediately after my NYSC. In order to accomplish this, I saved minimum #10,000 each month out of my Allawi (also known as salary as a Corper). At the end of my service year, I had #120,000 saved in my account.

I was able to use this to accomplish my goal which was to further my education.

When Should You Save?

Do you know that over 75% of teens agree with the statement, “I am young, so saving money isn’t that important”? It is never too early or too late to start saving. People of all ages can benefit from saving. However, the younger teens are when they start saving, the less likely they will develop financial problems. Starting younger will also give them the advantage of time – time for their savings to add up bit by bit. By putting savings in a bank or investing it, teens can let their money work for them. The time is now.

How Do We Save?

For young people like us who have few expenses, the process of saving is fairly simple. We only have to decide whether we are going to spend their money or save it. It is simply a matter of committing to save. In addition to a commitment to save, we need to come up with a plan that allows us to both save money and cover our expenses. I will be sharing with us two tools that are helpful in creating this plan. These tools are goals and budget.

A goal is something to work toward. Simply knowing progress is being made toward achieving a goal can motivate us to stick with it – despite the effort and sacrifice along the way. That is why setting financial goals is an important part of the savings process. Teens who know exactly what they want to accomplish with their money have a far better chance of making it a reality. A goal will also need to be realistic to achieve. Goals that are set too high will simply set us up for failure and may discourage us from pursuing our goals further. For example, if our monthly allowance is #2,000 and we have #1,200 worth of expenses, setting aside #1,500 savings is not realistic. A more realistic goal is to save #800 each month for a longer period of time.

While goals provide motivation to save and a target to shoot for, a budget is a plan for spending and saving that will help us get there. The first expense everyone should put on their budget is the amount they plan to save each time they receive money. Setting aside money at the beginning of the budget period ensures there is money to save. Otherwise, the money may run out or be spent on something else.

Lastly, a wise man once said: “More money won’t make you rich without discipline”. We believe that you will be disciplined enough to save for the future that is uncertain.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Boom Grades
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Religious studies
I recommend this service they always help. I got an A in this project thanks.
Customer 452507, October 5th, 2021
Exercise Science
Thank you so much for your time.
Customer 452545, December 5th, 2021
english comp
Thank you for all your hard time.
Customer 452509, June 27th, 2021
Classic English Literature
Absolutely LOVE the essay I received. I really appreciate it so much.
Customer 452529, October 25th, 2021
English 101
perfect! thanks!
Customer 452543, December 1st, 2021
Literature
Absolutely LOVE having help especially from the person who wrote this last one. THANK YOU
Customer 452529, November 19th, 2021
world civilization
Thank you for the quick response
Customer 452509, June 27th, 2021
Classic English Literature
Great Work as Usual. Thank you . I received an A on the paper!
Customer 452531, November 9th, 2021
english comp
Great paper and done before the deadline. Thank you
Customer 452509, June 15th, 2021
Classic English Literature
Awesome Job... you are the best!
Customer 452531, November 27th, 2021
Medicine
Great content.
Customer 452549, February 8th, 2022
English comp
Got a 94% thank you!
Customer 452509, June 27th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat