10 Free Teen Budget Worksheets to Start Your Teenager Budgeting

Teen budget worksheets are a great way to help teach kids how to budget. I round up the best (free) budget planners for teenager.

A weird thing happens when a teen starts to put numbers down on a piece of paper (i.e., a teen budget worksheet):

They get hit on the head with reality. 

I’ve seen it time and time again (it happens to kids and adults, too).three girl teenagers having fun, text overlay "10 teen budget worksheet free printables"

To be honest? I’ve even experienced the “aha” moment myself.

You see, the numbers don’t lie.

When you see how much income you have coming in and how much spending and expenses you have going out, in black and white, you can no longer ignore the truth.

Well, you can still ignore it…but it does become harder to do.

Not only that, but if you have your teen sit down and write out a budget and spending plan, then the next time they are out of money or suffering through a money blunder – like anyone learning how to budget and manage money is going to experience – then you can calmly sit down with them and their budget worksheet and point out where their spending was a problem.

They'll be able to see it clearly, with their own eyes, and you become less of the “bad guy”. 

So, let’s get started.

Best Teen Budget Worksheets

A teen needs to learn how to budget.

And what I like to call “mind budgeting”— trying to keep track of spending and when your next payday is in your head – is simply not going to work.

For starters, teens don’t have enough experience with budgeting to do mind budgeting. Some adults can get away with it because they’ve been at this for decades.

Not only that, but when you write down what you plan to spend, you’re much more successful at actually sticking to it.

Having said all this, I wanted to dive into some example teen budget worksheets to get your own teenager working on a budget. It’s one of the best and easiest tools to help them learn how to manage and budget their money.

#1: Sun Group’s Teen Budget Template

Here’s a simple, but visually appealing budget template for teens. FYI: there are expenses pre-populated in this one, so you’ll likely need to cross off some categories to add ones that your teen actually spends in. There are no blank spaces for categories.

screenshot of teen budget template

#2: Life of a Homeschool Mom’s Blank Balance Sheets

I love how…blank these balance sheets are! I think they certainly look like something a teenager would like to work with (as far as colors and layout are concerned), and can be a great way to give your teenager some awareness of their balance, spending, earnings, etc.

screenshot of budget planner for teenager

#3: Skratch.co's Teen Budget Sheet

I love this fun-looking teen budget worksheet (however, it’s a .jpg file and not a .pdf file. I’m unsure of how well it will print). Again, the categories are already chosen for you (so you might have to white-out). 

screenshot of teen budget worksheet

#4: BalanceTrack’s Teen Budget Sheet

Here’s a very simple, no-frills teen budget worksheet. Categories are pre-filled, so you’ll likely need to cross out several of them and put your own in to make it work.

screenshot of teenager budget printable

 #5: MoneyandStuff.info’s Sample Budget Template for Teenagers

Here’s a sample monthly budget for teens, which can be helpful if your teenager is having trouble coming up with a budget.

screenshot of sample monthly budget for teens

Best Teen Budget Apps

Our world, and our banking world, is quickly turning to an app-based experience. Because of this, I think it's important that your teenager gets their toes wet using money apps. 

Here are some of the best teen budget apps and teen money apps available: 

Teen Budget App #1: Entrepreneur Toolbox App

Is your teen budgeting for a certain savings goal?

Don't let the name of this free app fool you — it's also an impressive goal setting and budgeting app for teens.

It’s got the ability for your teen (and anyone, for that matter) to set and budget for a savings goal, and then track it. 

You can start a new savings goal by inputting how much it will cost to get, how much you have now, and then the date that you want to meet your goal by. You then add in transactions towards your goal, and it automatically tracks your progress. 

Pssst: you can access all the Teen Entrepreneur App features without buying the Teen Entrepreneur Toolbox kit – it’s a free app!

screenshot of entrepreneur toolbox teen budget app

screenshot of budget app for teens

Available On: iOS

Teen Budget App #2: Toshl App

This isn't an app made solely for teens, but I'm including it as a teen budgeting app because of it's simplicity and fun-looking interface.

The Toshl App connects with your teen's financial accounts (from over 13,000 banking institutions worldwide). This allows for automatic updates. 

But if your teen doesn't currently bank, or uses mainly cash from allowances? Then there's an option to manually update their spending (I think if they have to input each of their transactions, it would add better awareness for them as to how much they spend each day/week/month).  

Your teen can then tally up their spending by category, or by date. 

screenshot of teenage budget app

Available On: iOS and Google Play

Teen Budget App #3: Plan It Prom

Prom is a perfect opportunity for your teen to learn how to budget. You can either use it to teach the how to budget for an occasion, OR, you can use it to teach them how to budget in general. 

One way to help with that is Visa's app, Plan'it Prom. Your teen can use the budget calculator, put in the prom date and get a prom countdown (that sounds fun for a teenager!) and much more. 

Available On: iOS and Google Play

Teenage Budget Calculator

I hate to burst your bubble, but there aren’t many (if any) teenage budget calculators out there.

I know, I know. After searching for an hour or so, I was quite bummed, too! (If you happen to find any? Please let me know in the comments below). 

I'm going to keep my eyes out for the best teenage budget calculators, and even adult ones that can be adapted for teens to use. As I find them, I'll update here. 

The following two tabs change content below.
Amanda L. Grossman is a Certified Financial Education Instructor, a 2016 Plutus Foundation Grant Recipient, and founder of Money Prodigy. Amanda's kid money work has been featured on Experian, GoBankingRates, PT Money, CA.gov, Rockstar Finance, the Houston Chronicle, and Colonial Life. Read more here.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *