i cant get a lap top and i have a 360 sooo what would be fun things to spend it on
2006-06-23 10:54:56 · 21 answers · asked by yung joc 3 in Business & Finance ➔ Small Business
get a bank account at ING BANK. u can check them out online. even if you have to open a account by mail. ING pays 4.75% compound interest every quarter...$550 x .0475=26.125 total balance $576.125. and in the next 4 months the 4.75% is multiplied against the new balance again totaling $603.496. so by letting your money sit there for 8 months u gain about $50... your money gets paid to be the 'slacker' check out the banks in your area. SMALLER BANKS compete differently than the BIG BOY BANKS. Some banks offer checking accounts to teens. Find Out their rules so you can plan ahead and be very responsible so you can avoid all the penalties that some of us 'old geezers' get hit with.
Or spend a fixed amount for that 360 fun and bank the rest.. STOCKS?? check out Motley Fool in the bookstore too..they teach how to learn and invest in stocks without getting ripped off and how to manage you money and not be played as 'The Fool.'
and bankrate is an excellent source too.
if u spend on consumerables that consume...pay as you go phone...you spend you money twice as fast.
2006-06-23 15:24:25 · answer #1 · answered by free2be 1 · 1⤊ 2⤋
A sweet skate board, snow board, music, do the right thing when you're 14, have some frickin fun! How about taking some honey to the movies, or for 550, several different pimp girls, make your friends jealous. Just don't waste it on dope, booze, or, well hell everything else should work
2006-06-23 17:59:00 · answer #2 · answered by The Burro 2 · 0⤊ 0⤋
Put $500 in a bank savings account and leave it there for 6 years. Spend the other $50.00 on DVD's, and enjoy
2006-06-23 17:58:07 · answer #3 · answered by rb_cubed 6 · 0⤊ 0⤋
At 14 you really can't use it for much but buying that one thing you have been saving for. Example maybe an ipod or best idea....
use it to take a trip across seas! AKA you save it and earn about 500 more and your there in Europe!
2006-06-23 18:03:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
save some and get a tv or some games for your 360
2006-06-23 18:00:30 · answer #5 · answered by green78250 2 · 0⤊ 0⤋
Open up a bank account and save it. Learn to save your money and you'll be financially set for the future. It will grow interest wise and it is good to start saving up money now so that perhaps you can save it up for a car or your college education.
2006-06-23 17:59:36 · answer #6 · answered by Ashley 2 · 0⤊ 0⤋
Put in a 529 plan for college
2006-06-23 17:58:24 · answer #7 · answered by Hippyghost 1 · 0⤊ 0⤋
Get a pay as you go phone and DvD player and thing like that
2006-06-23 17:59:39 · answer #8 · answered by Ellen 2 · 0⤊ 0⤋
Well, being older than you, I would suggest to save half of it and put it away for a new laptop. But my first response would have to be.... whatever you want!
2006-06-23 18:00:29 · answer #9 · answered by chriswtj 2 · 0⤊ 0⤋
Some for clothes and music, but the majority SAVE IT!!!
2006-06-23 17:58:38 · answer #10 · answered by ~∂Їβ~ 5 · 0⤊ 0⤋