Top Spending Categories:
* Food and Beverages: This is often a significant portion of a teenager's budget, encompassing snacks, fast food, drinks (both sugary and non-sugary), and sometimes contributions to groceries at home.
* Entertainment: This is a broad category encompassing movies, concerts, video games (both physical and digital), streaming services, apps, and social activities like going out with friends.
* Clothing and Accessories: Keeping up with trends and expressing personal style is important to many teenagers, leading to spending on clothes, shoes, jewelry, and accessories.
* Personal Care: This includes toiletries, cosmetics, and hair products.
* Technology: This might involve purchasing or upgrading phones, headphones, tablets, or gaming consoles, or paying for mobile data or subscriptions.
Other Spending Areas (less frequent, but still relevant):
* Transportation: This could be bus fares, gas money if driving, or ride-sharing apps.
* Books and Magazines: While digital content is increasingly popular, some teenagers still buy physical books or magazines.
* School Supplies: Although often covered by parents, teenagers may spend money on extra stationery, notebooks, or other school-related items.
* Gifts: Birthdays, holidays, and other occasions mean teenagers often spend money on gifts for friends and family.
* Hobbies and Activities: This encompasses anything from sports equipment to art supplies to participation fees in clubs or activities.
It's important to note that access to money and spending habits are constantly evolving with the rise of digital transactions and online platforms. The influence of social media and peer pressure also plays a significant role in shaping teenage spending.