My first spending plan: a teenager money worksheet
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Free resource. Print this page or copy the prompts into your own notebook or document. The spaces below are for your own notes, not an online form.
Use real money only where an adult and teenager have agreed the arrangement. You can practise with imaginary amounts instead. No allowance is required to use this sheet.
What is this plan for?
- Dates covered: ____________________
- Optional spending or activity it covers: ____________________
- Essentials an adult will continue to provide separately: ____________________
- When we will review: ____________________
Money available
- Starting amount: £________
- Other money definitely available during this period: £________
- Total available: £________
Do not count money you only hope to receive.
My choices
- Planned optional spending: item ______ amount £________
- Another planned choice: item ______ amount £________
- Amount I choose to set aside: £________
- Money left after those choices: £________
Practice example: £12 available minus £5 for an outing minus £3 set aside leaves £4. This is an example, not a suggested allowance.
Before buying
- What is the full cost? ____________________
- Will it leave enough for my other plans? ____________________
- Do I want to compare, wait or choose something else? ____________________
If the plan goes wrong
- What we agreed if optional money runs out: ____________________
- Trusted adult to ask if I feel pressured or something seems suspicious: ____________________
Review without blame
- What I actually spent: £________
- Something that surprised me: ____________________
- One change for next time: ____________________
Keep financial details private. Never write passwords, card numbers or security codes here. This sheet teaches a basic planning habit and does not recommend accounts, investments or borrowing.
For ideas to use alongside this resource, read Pocket money and first budgets: helping your teenager make choices.
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