Recommended Teen Budget Allocations

BE NICE (10%): Donate to a charity, church, or cause; Help out a friend, neighbor, or stranger.
BE SMART (30%):Place in savings, College 529 or Coverdell Account for college, career training, or internship travel.
BE PATIENT (10%):Place in savings for short-term goals (gadgets, gifts, car or truck, gaming gear, summer camp, etc.).
BE READY (20%): Place in separate savings for ANYTHING you have an impulse to buy, for splurges, and for things that are on sale that you just can't pass up.
SPEND IT (30%): Keep in cash, in checking for a debit card, or on a pre-paid card to have fun, use for entertainment and recreation, enjoy food and snacks, take care of a pet, or have fun with friends.