I only 13 and i am just looking for ideas because i have extra money from christmas
2006-12-28 05:43:49 · 20 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
When I was 13, I would have spent that money on video games and good times without saving a dime.
Now as a 26-year old looking back, I made frequent money mistakes and would advise against 'blowing the full amount'.
What I would recommend to any youngster with money to burn, is to put 50% away into a brokerage account with your parents and then have fun with the other 50%.
I would argue that having fun with $150, KNOWING you have tucked away $150 into an investment like a solid mutual fund or stock, is the best route to go.
I hope you don't turn 18 years old with $0 savings like I did. Tuck away 50% all of these Christmas and birthday monies you receive and you will be ahead of the game as a teenager.
2006-12-28 06:29:42 · answer #1 · answered by JRockLC25 2 · 0⤊ 0⤋
Books.
2006-12-28 13:45:58 · answer #2 · answered by ♥ 1 · 0⤊ 0⤋
Open a bank account and put your money in it! It'll grow in interest and once you really really need it, take it out and use it! I think you should really do this, since you're on yahoo answers asking people what you should do with your money..
2006-12-28 14:53:14 · answer #3 · answered by Hiya 4 · 1⤊ 0⤋
Put it a bank/bond then for get about it until you really need it then you'll have some money to have fun with.
2006-12-28 15:08:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you didn't want something before you had the money, why do you need it now? Put it in the bank, then when you want something get it.
2006-12-28 14:10:31 · answer #5 · answered by tdstorm9 2 · 0⤊ 0⤋
Maybe buy yourself some new cd's. Maybe putting some in the bank in your savings account if you have one. Buy a pet
2006-12-28 13:53:15 · answer #6 · answered by ? 3 · 0⤊ 0⤋
What do you really want? Clothes? Music?
Or just put it in the bank until you're ready to decide.
2006-12-28 13:46:57 · answer #7 · answered by Ambassador Z 4 · 0⤊ 0⤋
A CD (certificate of deposit), stocks, bonds, school books or just any type of book you like reading, jewelry.
2006-12-28 13:49:11 · answer #8 · answered by gregtkt120012002 5 · 0⤊ 0⤋
The person that answered 2nd, shes hot. If not her another one like her.
2006-12-28 13:59:11 · answer #9 · answered by ddavis08 1 · 0⤊ 0⤋
Helping others.
2006-12-28 14:07:24 · answer #10 · answered by nickfromct 3 · 0⤊ 0⤋