How much money does an average teenage boy have?
16 yrs old
Both in the bank and cash
2007-01-03 15:34:11 · 6 answers · asked by ksk i 1 in Business & Finance ➔ Personal Finance
and what would be a good wage for california?
2007-01-03 15:36:09 · update #1
The 16 yr old should have in the bank what he earns AFTER paying for the luxuries he wants (like Car Insurance, Maintenance of the vehicle, fuel, the Vehicle itself, paying for his entertainment, etc.
Most of the jobs you are qualified for are minimum wage ... so do not expect to be paid too much for non-skilled positions.
2007-01-03 15:43:20 · answer #1 · answered by sglmom 7 · 1⤊ 0⤋
A 16 year old boy should have as much money as he earns. Some of what he earns should be in his pocket but most should be in his bank account. If he earns a little bit of money, he will only have a little in his pocket and in the bank. If he works hard and earns a lot of money, he will have a lot in his pocket and in the bank.
I don't think there is a simple average to this. It all depends on how motivated the child is to earn money. At the age of 16 children should be earning all of their spending money. It is good financial training to have children learn the art of money management at a young age. It is the best gift we can give our kids.
2007-01-03 15:46:15 · answer #2 · answered by geekteacher1 3 · 0⤊ 0⤋
good, I spend my money on usual teenage themes, somewhat. clothing, CD's, books, makeup, magazines and stuff of that type. in spite of incredibly catches my eye. the factor with me is, on the initiating of wintry climate and the initiating of summer season time is once I fill up on each and every factor like that. i'm able to spend from a hundred-3 hundred money on it, yet then in the time of a few element of the 300 and sixty 5 days, i don't positioned money into any of that stuff different than it somewhat is an absolute 'could have'.
2016-12-12 03:20:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
first if the boy works minimum wage if not about 40 a week at most and by the way get a job and ur own savings acct don't rely on ur parents
2007-01-03 15:43:30 · answer #4 · answered by marion r 3 · 0⤊ 0⤋
Well, let's see. Warren Buffett had saved $1200.00 ($12,820.08 in today's dollars) by the time he was 14 (1944) from paper routes to buy a 40 acre ranch. To which, he then rented to tenant farmers....
So, the answer is...As much as you can save.
2007-01-03 15:58:51 · answer #5 · answered by tito_smootz 2 · 1⤊ 0⤋
1) $0.00 USD.
2) $4.15 USD per hour.
2007-01-03 19:45:28 · answer #6 · answered by Anonymous · 0⤊ 1⤋