Spending Money Wisely to Save Money and Help the Planet

Spending Money Wisely to Save Money and Help the Planet

 

Many tweens and teens are concerned about taking care of the environment. You can show your kids how spending money wisely can help them save the planet at the same time. When teens think about purchasing a product, they can use comparison shopping to find the best deals. Kids can buy from brands that support a cause or treat the environment with care. There are several ways to help your kids make smart money choices while supporting a passion for protecting the planet.

Saving money and saving the planet

Saving money is a key part of managing your finances. Kids can learn to think critically about their purchases to save money and the planet. When teens learn how to compare options, they can evaluate the cost and impact of their purchases on the planet. Planning purchases with their budget and values in mind paves the way for spending money wisely down the road. Encourage kids to spend their money responsibly. 

Consider sustainability

Teach your children ways to save money like buying in bulk, looking for sales, or shopping online with a kids debit card. Also encourage them to think about the sustainability of their purchases. Will this item last a long time or end up in the trash? Encourage teens to think about spending money wisely and sustainably. For example, buy a quality item once instead of a cheaper version several times. Help them consider ways their choices will affect them and the planet in the future, like:

  • Avoiding single-use or limited-use items to save money and reduce waste 
  • Buying sustainably made products with mindful materials that last 
  • Supporting sustainable companies that create their products responsibly

Shopping secondhand

Thrift store shopping and yard sales are a great way to save money, and they’re making a comeback with teens today. Lily, 15, tells us about her love for secondhand clothing. “Something that draws me to shop secondhand is that it’s sustainable and you can also find some really pretty and unique items for much cheaper. I have found many things from high-end retailers for sometimes a quarter of the retail price,” she says. 

 

Talk to your kids about ways they can shop creatively and spend responsibly with their kids debit card. “Reduce, reuse, recycle,” as the old adage goes. Teens can consider buying used, shopping secondhand, and refurbishing old items to practice spending money wisely and helping the planet. 


Have any spending tips we missed? Share your thoughts by tagging @gohenry with #letstalkmoney on Twitter or Facebook.

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Written by Kristin Yarbrough Published Aug 2, 2022 ● 2 min. read