What to Do With 20 Dollars as a 12 Year Old

Having twenty dollars can feel like a significant amount of money, opening up a world of possibilities for a 12-year-old. This cash presents an opportunity to learn about managing personal finances. Understanding how to use your money wisely, whether for immediate enjoyment, future goals, or even helping others, can be a valuable lesson. This guide explores different avenues for your $20, helping you decide what brings you the most benefit.

Spending Your $20

Spending your $20 can be a fun first step, allowing you to enjoy something you’ve wanted. Small purchases can bring immediate satisfaction, and there are many age-appropriate options that fit within this budget. For instance, you could treat yourself to a new book, with many paperback options for kids typically costing between $3 and $10. This allows for a new adventure to read, possibly even leaving enough money for another small item.

Another enjoyable way to spend your money could be on a treat or a fun outing. An ice cream cone often costs between $2 and $5, making it an affordable indulgence. If you enjoy arcade games, many machines now charge between $0.50 and $1 per play, allowing for several rounds of entertainment.

Your $20 could also go towards a small toy or a craft supply that sparks your creativity. Many retailers offer a variety of toys under $20, including building sets, action figures, or collectible items that can provide hours of enjoyment. For those who enjoy artistic pursuits, this amount could cover new markers, a sketchbook, or other materials to bring your ideas to life.

Saving Your $20

Choosing to save your $20, even a small amount, can be a powerful decision that sets the stage for achieving larger financial goals. Saving allows you to accumulate funds for something more significant than a single immediate purchase. This practice builds a foundation for financial responsibility, teaching the value of patience and planning.

You can save your money in simple ways, such as keeping it in a dedicated piggy bank or a clear jar at home, which allows you to visually track your progress. For a more secure approach, and with parental assistance, you might consider opening a basic savings account at a bank or credit union. While opening an account typically requires an adult’s involvement, it introduces you to formal banking and the concept of earning a small amount of interest over time.

Saving your $20 means it can become part of a larger sum for future purchases that cost more than your current amount. Perhaps you are dreaming of a new video game, which can range from $30 to $70 or more, or even a new bicycle, which can cost upwards of $100. By adding your $20 to other money you receive, like birthday gifts or allowance, you can reach these bigger goals.

Giving Back with Your $20

Using your $20 to help others is a meaningful way to make a positive impact. Giving back can involve supporting causes you care about or showing appreciation to those around you.

You could donate your $20 to a local charity, such as an animal shelter or a food bank. For example, $20 can often provide several meals for individuals or families facing food insecurity, or contribute to the care of animals in need.

Alternatively, you might use your $20 to buy a thoughtful gift for a family member or friend. This could be for a special occasion or simply a gesture to show you care. Selecting an item that reflects their interests demonstrates consideration, and the act of giving can strengthen your relationships.