How to Make and Save Money in High School

Despite not having the financial burden of having to pay rent, taxes, insurance and more, having money when in high school is convenient. It allows you to participate in more social events, be more financially stable in the future, and eliminates the stress of being broke. Here are some easy ways to make money in high school, and saving advice.

  1. Get a job – it’s really not that complicated. There are many places in the Charleston area that hire as young as 15 years old with decent pay. Although teen jobs may not have the best pay, having a steady and consistent income certainly helps. Having a job is also a great way to meet people, discover your interests, and helps build a resume. 
  2. Sell your old clothes – Places like Plato’s Closet and Uptown Cheapskate are constantly willing to exchange cash for gently used designer items. Although they offer significantly less than what the item is worth, selling clothes that are no longer useful to you is a great way to get cash fast. You can also use apps like Poshmark, DePop, eBay, or Facebook marketplace to sell old items without even having to leave the house. If you look through your closet and find items that you no longer wear or like or that don’t fit anymore, consider selling them!
  3. Create a savings account – starting to save when you’re young helps set up a lifetime of healthy and responsible savings. Even if your income is small, putting away 10-20% of every paycheck into a savings account makes a difference. 
  4. Differentiate needs vs. wants – although it’s perfectly acceptable to indulge, forcing yourself to identify what is necessary in comparison to what is not helps to hold yourself financially accountable. It may be more beneficial to prioritize filling up your car with gas overseeing a movie with friends 
  5. Put yourself on a budget – analyze your current spending habits to figure out what you spend the most on. Once you identify which categories you spend the most money on, put a budget value (per week, month, etc) to organize your spending habits and prevent yourself from spending too much.