Share your own answers and tips by commenting below!
Question: Can you help me save up for something special? My money seems to be disappearing!
Whenever you babysit, get your allowance, or earn money in any other way, write down in a notebook how much you made. That way you know how much you have and how much you want to spend.
Dina, age 11, MO
I’m really bad with numbers, which contributes to the fact that I’m not very good at keeping track of my money. However, I always make a point of picking up all the loose change I see, putting it inside a jar, and setting aside a little bit of money every time I earn some more. It adds up slowly, but slow and steady wins the race. Little by little my “savings account” will become something big!
Joy, age 15, MD
The way I manage my money is by having an ‘emergency fund’. Each month I set aside a certain amount of money that I don’t touch the entire month. That way, if there’s something I really want, I’ll have the money for it. It also makes sure I never run out of money, and I end up saving more.
Shani, age 13, CO
When you go to the mall, do not take along 50 dollars. Only take along 10 or 15. This will prevent you from spending a lot of money. The money you do not spend can go towards a new bike, or something else special.
Rachel, age 10, IN
1) Whenever you get money, give maaser (10% of your earnings to charity), and then split the rest in half: one half for spending and the other half for saving.
2) If you get less then $5 at a time, spend it. Between $5 and $30, half-and-half. More than $30, save it all.
3) Give the money you get to your parents, write down how much, and, when you are older, your parents will give you all the money that you gave them.
4) Put it in a bank — you’ll get more money that way, too!
Mushkie, age 11, NY
Share your own answers and tips by commenting below!
I used to spend money like crazy on goodies. My real purpose for saying that is this: What do you use your money on? Anyway, the best way to save your money is SELF-CONTROL!!!!
I save my money all the time! I hate to spend money and when I do I feel like I did the wrong thing and I regret what I bought! It bugs me but at least I am not broke!
I met this realigous jewish girl on a school outing and this girl has become one of my very good friends my friend comes from a very large family. we always love hanging out as well as talking on the phone whenever we hang out my friend can only hang out for a hour or 90 minutes but sometimes not more. i really want to get more involved in the community but i dont live close. on shabbos after lunch the girls will always hang out which i really want to be a part of because i will have a lot of other friends there but that would mean i have to violate shabbos and peopple would see and if i really want to be a part of this what should i do?
I like to get advice about stuff so I know what to do when I get in a situation that has me all mixed up. Thanks, YALDAH!
I save money in a way most peiple think is confusing but I think it is helpful
I have savings for when I’m older-like a bank account
Savings for something big like a plane ticket or bike
Spending fir stores like candy shops art ,books, etc
Spending for when i go on trips like bew york or northern California
It helps me manage my money
Also give at least 10percent
To charity