You’ve probably heard adults talk about their “income” — but what does that really mean for you? Whether you’re dreaming of a new outfit, saving up for concert tickets, or just trying to keep your Starbucks habit alive, understanding where your money comes from is everything. Let’s explore the different ways teens like you can start building income.
1. Allowances: The OG Teen Income
If your parents give you a weekly or monthly allowance, that’s one of the simplest forms of income. Some families give money for completing chores, good grades, or just as a way to teach financial responsibility. While it may not be a lot, it’s a great way to start practicing budgeting and saving.
💡 Tip: Try the 50/30/20 rule — spend 50% of your allowance, save 30%, and set aside 20% for something bigger (like a trip or special purchase).
2. Part-Time Jobs: Your First Real Paycheck
Ready to earn your own money? Part-time jobs are a major way teens make income. Think:
- Working at a local store or cafe
- Babysitting or pet-sitting
- Lifeguarding at a community pool
These jobs not only help you earn cash, but they also teach responsibility, time management, and how to deal with different kinds of people — major life skills!
💡 Tip: Keep track of your hours and make a mini budget to plan your spending.
3. Side Hustles: Turn Your Talents Into Cash
Got a knack for something creative? You can start a side hustle — aka your own mini business. Here are some ideas:
- Selling handmade jewelry or art on Instagram or Etsy
- Tutoring younger students in a subject you’re great at
- Running errands or doing small jobs for neighbors
The best part? You’re the boss. Side hustles let you use your passions to make money, and they look amazing on college apps or resumes.
💡 Tip: Promote your hustle online and ask happy “customers” (aka friends, family, or neighbors) to spread the word!
Why Knowing Your Income Sources Matters
The more you understand your income, the more power you have over your finances. Knowing where your money comes from helps you make smarter decisions — like when to save, when to spend, and how to grow what you’ve got.
Money isn’t just about what you earn — it’s about how you use it. Whether it’s an allowance, a job, or your own creative hustle, every dollar is a step toward your financial future. And guess what? You’re already on the right track just by reading this!
Her Financial Future 