A YOUNG entrepreneur has managed to create a side hustle that's saving drivers hundreds each year, while still juggling his school work.

Henry Coward's ingenious company rewards drivers who shop locally by allowing them to save money on tolls.

Fittingly, the Aussie teen named his venture Tollz, and pitched his idea to the University of Queensland's Young Entrepreneurs competition, where he won £800 to help kickstart the company.

Henry's mum and dad have already saved hundreds on tolls.

The best part is, users can get credit for toll roads by buying things they already use, such as coffee, clothes and food.

Customers link their tolls accounts with through participating retailers, including Virgin, Liquorland and Booking.com.

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With each purchase made on the linked websites, a credit is added to their toll account – saving big bucks for those who use toll roads daily.

The site has already gained over 300 users since being launched this year, with Henry’s parents among those saving their dollars.

Henry said: "Winning really kind of just validated the idea for me. And then I needed to be able to actually start the business and start looking at ways to actually get all the structure ready, to get the trademark and the domain."

As Henry is still under 18, his dad is helping him set up Tollz officially, but the teen said learning about the business has been "really cool".

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He said: “I’m just trying to do something that’s going to help people. I think Tollz is a win-win for everyone to be honest.

"It’s helping businesses, it’s helping customers, and it’s just supporting the people around me.”

The teen's school has also been supportive of his endeavours, allowing him two hours a week to work on business-related tasks.

He's also being mentored by BOP Industries in Brisbane, but Henry wants more programmes in schools to help other students see their business ideas come to fruition.

Henry said: "There’s so much learning you can get out of creating business as a 15-year-old. And you can use that learning for the rest of your life.

"And plus, if all goes to worse, you’ve got a very, very good resume.”

Another teen shared how they turned their side hustle into a successful business in only four years.

Rohan James has got his eyes firmly set on the prize and believes he has the recipe for success – and earning six figures – nailed.

The 18-year-old, from Australia, ploughed all of his energy into his lawn care business shortly after completing his studies.

He was keen to merge his passion for gardening with his thirst to become an entrepreneur and decided to take the plunge.

Yet his hard work seems to be paying off, as Rohan says his lawn care firm is raking in nearly £15,000 each month.

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His success has spurred him on to expand his side hustle even further – and he believes it has the potential to earn him even more cash.

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