Financial Education for Minors

Level 2

Your Progress

40% Complete
Budget Master Savings Beginner
Learn
Calculate
Goals

Allowance Management

Learn how to manage your allowance wisely by creating a simple budget plan.

Budgeting Tips for Teens:

  • Track your spending for a month
  • Divide money into categories: spending, saving, giving
  • Set financial goals (new phone, car, college)
  • Use budgeting apps designed for teens

Pro Tip: Try the 50/30/20 rule - 50% for needs, 30% for wants, and 20% for savings.

Saving for Goals

Whether it's a new video game, car, or college, we'll help you create a savings plan.

Smart Saving Strategies:

  • Set specific, measurable goals
  • Automate savings if possible
  • Look for ways to increase income (part-time job, chores)
  • Avoid impulse purchases - practice delayed gratification

Savings Calculator

See how long it will take to reach your goal

College Preparation

Start planning for your future education now with our college savings guide.

Ways to Save for College:

  • 529 Plans - Tax-advantaged education savings accounts
  • Coverdell ESA - Education savings account for K-12 and college
  • UTMA/UGMA Accounts - Custodial accounts for minors
  • Scholarships and grants - Free money for college

Did You Know? Starting to save early can reduce the amount of student loans you'll need later.

>