5 Things teenagers need to know to become rich

5. Establish a budget and save for your future

By establishing a budget, you can monitor how much money you are spending on certain items and services. Budgeting for the future is crucial to manage earnings and make them grow. Prioritize your goals and aspirations before creating a budget. If your income is not enough to cover your expenses, adjust your budget by deciding which expenses can be reduced. Saving is a very important part of protecting yourself financially. Be sure to review your budget regularly.