2007-01-05 01:21:42 · 10 answers · asked by Teenage Dirtbag 1 in Business & Finance ➔ Personal Finance
It depends, do they have a job, are they saving for a car or college?
2007-01-05 01:28:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As much as u need. Point is: what do you have the bank account for? you accumulate cash for a purpose otherwise cash is useless. Sooooo if you're saving for college and you've got a job where you can work 6 hours a day after school at $8 an hour then you should be saving 90-95% of your earnings. if you all can do is 2 hours a day at $5 an hour, enjoy the money unless you want to buy a computer. Get it? Set a cash goal based on some other goal (buy a car, college, etc.) and then start accumulating that much money.
2007-01-05 01:31:31 · answer #2 · answered by bardmere 5 · 0⤊ 0⤋
As much as they are able to! Expenses will come up soon & they will need this money. We already started a car fund at age 5! Make sure they work for some of it. Good idea to spend some, save some and donate some to church or charity. The 3 envelope system. Good luck & keep saving!
2007-01-05 02:33:30 · answer #3 · answered by kluvs2write 2 · 0⤊ 0⤋
How much should a teen have in his bank account?
[img]http://smg.photobucket.com/albums/v637/gwenz/gifjes/th_goodmorning.png[/img]
as long as you don't have to pay the bank to have an account keep all you have in it..When you have enough to buy a cd do that.
2007-01-05 01:33:49 · answer #4 · answered by Monk 2 · 0⤊ 0⤋
I never used to have any money in mine, my parents gave me £25 a month which went directly to the account and I'll spend it a few days later. When I started earning my own money then my account went up and I learnt how to spend it properly.
2007-01-05 01:30:24 · answer #5 · answered by floppity 7 · 0⤊ 0⤋
Few hundred dollars. Make sure parent coowns the a/c.
2007-01-05 01:24:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
ah it depends if you earn it or youre parents give it to you when i was 16 i had roughly 4k in my bank
2007-01-05 16:41:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
they SHOULD have about 300-600, i have about..500. but every body i know is broke, so it's not uncommon to not have 50
2007-01-05 01:42:51 · answer #8 · answered by fallen 2 · 0⤊ 0⤋
i think they should 500,000 in thier account
2007-01-05 01:25:59 · answer #9 · answered by ஐ♥Angel Baby♥ஐ 2 · 1⤊ 0⤋
Nothing if s/he does not work for it.
2007-01-05 01:24:18 · answer #10 · answered by Superdog 7 · 0⤊ 0⤋