i have a grand and i am 14 i dont want to invest
2006-08-18 17:41:17 · 17 answers · asked by yung joc 3 in Business & Finance ➔ Personal Finance
Hey,
A. Put in Bank
Put away
buy clothes
buy a vacation for family lol
buy watch bling bling
buy necklace
buy cell phone
buy things for parents
buy a bike
save for a car
buy a MOPED you are at legal age
buy a new big tv
buy some stuff for your gf/bf
buy some stuff for your room
buy shoes
Only if you dont want to invest
questions natedogg7171@yahoo.com
2006-08-18 17:54:12 · answer #1 · answered by Nate K 2 · 0⤊ 0⤋
And you don't want to save it even? I mean you're not going to be 14 forever.... Someday you're gonna be an old & angst ridden 17 year old- & that money could come in MIGHTY handy... ...Still wanna get rid of it, huh? Ok, here's what you do; - Ask around where you can find some homeless kids, -and give EACH one you find a $20. bill. Keep on doing this until the newspaper people show up- & then tell them you're trying to make the world a better place. Once your picture is in the paper & in People magazine, and you've landed a couple of movie offers, - take HALF of the money you make THEN and create a Foundation that gives money to all the homeless children under 14 years old. By the time you're old & 30, you'll be rich & famous - and wondering, "...I have 50 million to spare, & I don't want to invest..." -but THAT's another story. Good luck & have a good life!
2006-08-19 01:16:03 · answer #2 · answered by Joseph, II 7 · 0⤊ 0⤋
If you dont want to invest, but want to save it at least.... ask your parents to take you to the bank and get your money into a CD Account. This way you wont be tempted to spend your money all at once. Maybe keep a few hundred dollars for yourself for play money but put the rest of it in a CD account. Unlike a savings account, you'll incure a lot more interest than you would if you had it in a savings account! We did my daughter's money this way and within 2 months she already had $10.00 added to her interest. By the time you can take it out (I believe most banks say you have to keep the CD account for 8 months at a time) She'll have way more than she had when she first put the money in. It's an awesome way to build it if you're not wanting to invest. And it costs nothing!
Good luck!
2006-08-19 11:50:13 · answer #3 · answered by BevD 4 · 0⤊ 0⤋
If you are not interested in investing the money I would put it into a high interest savings account or maybe buy a savings bond with the money.Check to see what your local bank has to offer.
2006-08-19 01:52:10 · answer #4 · answered by Dottie J 2 · 0⤊ 0⤋
Invest that 1000 dollars in a CD. Keep doing that until you are 54. I know that is a long time but you will be glad when that day finally comes.
2006-08-19 01:39:21 · answer #5 · answered by no nickname 6 · 0⤊ 0⤋
Well investing is the best thing you can do or save it read some tips and articles on it on this site
2006-08-19 00:45:58 · answer #6 · answered by john 2 · 0⤊ 0⤋
Buy a riding lawnmower and start your own business.
I know someone who did this as a junior in high school, after graduation from HS, he had purchased more mowers, two trucks and a house. There's a lot of money in it.
2006-08-19 00:47:59 · answer #7 · answered by D 4 · 0⤊ 0⤋
put it in a high yielding savings account online. Citibank ot Orange or any other big one online. You should get between 5-6% Interest
2006-08-19 00:46:52 · answer #8 · answered by poojally 2 · 0⤊ 0⤋
you should go out an dbuy you something that you feel you deserve and save the rest pf the money just in case one day you need some money you will remember that you saved soem of it and your worries would be over.
2006-08-19 01:07:24 · answer #9 · answered by 2hot2handle 2 · 0⤊ 0⤋
Take half and spend on what you really want. And take the other half and donate it to world vision to help hungry kids.
2006-08-19 01:21:57 · answer #10 · answered by WiseJ 2 · 0⤊ 0⤋