i know the minute i get a check i run out and spend spend spend...how do you suggest saving? what will motivate me? im only 18, do you think i should just continue shopping for a few more years?
2007-01-21 02:43:50 · 12 answers · asked by Ash 4 in Family & Relationships ➔ Singles & Dating
Depending on what you make is how you should save. Say you make $950 a paycheck. Keep 900 in checking and 50 in savings. It is not much but it does build up.
2007-01-21 02:47:12 · answer #1 · answered by Erk 2 · 0⤊ 0⤋
Save NOW!!!......Get a money market account that has a higher interest rate....and wont let you touch the money for a year at least....and has an automatic monthly deposit.......you will see yourself saving a ton of money even if it is 15 dollars a month or so......of course keep a regular savings as well so you still have some money available at all times......who knows what the future brings and you may need that money in the future!!!!....dont use credit cards!!!!.....unless you buy a big purchase like furnature or washer and dryer.....and if you have some time start thinking about investing in stocks....it can be sort of a hobbie if you are into that kind of thing.........It will all pay off in the end
2007-01-21 02:53:57 · answer #2 · answered by mafronk21 2 · 0⤊ 0⤋
No matter what you will always be shopping so try this: For every 3 checks you get, spend the fourth one. Or you can spend 25% of the check and put 75% in the bank.
2007-01-21 02:47:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
positioned funds right into a controlled fund, $4 hundred funds a month. They look ahead to the fee, so which you're forced to maintain it. each time is a extraordinary time to commence reason that's a protracted term investment (so often over the years you are able to double it each say around 7 years) and it compounds. so which you will possibly be able to desire to get a 30% return in say 4-6 months, if u %. an excellent one. $a hundred a week=$4 hundred a month =$4800 a 300 and sixty 5 days =$24000 over 5 years and double this by way of compound following the guideline =$40 8,000 no longer undesirable for a hundred greenbacks a week. Theres constantly an excuse that's going to pass down or won't artwork yet a minimum of youll have 24 grand. information superhighway bills are good additionally 5% interest and cant get at on weekends, until eventually ultimately Monday morning. in basic terms dont ask for a card. Get a timer to your oil heater- i grow to be living in a chilly climate (Orange) final 300 and sixty 5 days and the timer decreased the invoice by way of like $500 greenbacks for the quarter. From 900 to 3 hundred and it grow to be nevertheless snowing in November. Dont purchase books on investment, you will possibly be able to desire to have invested the money. If u do sell it on ebay while finished. sell something u dont desire on ebay. Its low-priced to sell and somebody else reward from something you dont desire. in case you have funds pay you credit card off, it is the worst debt you've gotten.
2016-10-07 12:10:10 · answer #4 · answered by duchane 4 · 0⤊ 0⤋
well u are 18 now thats the time u should learn how to value money, u should make a list of the necessart thing that u should but and list of wat u just want to buy just likes, dont be an impulsive buyer, and learn to save its for ur own god and that is a good practice for the future u shuld learn how to budget and
alot a amount for a day that u should budget dont over spend
2007-01-21 02:57:04 · answer #5 · answered by 00_tyradjh_00 3 · 0⤊ 0⤋
Money is not meant for saving. It is a medium through which we buy things to keep us happy. Just keeping bundle of money is not going to be of any use.
We earn to spend for our needs. only thing you can check is have money to spend!
2007-01-21 02:49:40 · answer #6 · answered by srini562002 2 · 0⤊ 0⤋
think of putting aside some money to spend later on something even bigger and better. then when you get like 500 dollars, bank in 250 and you can use the other 250 to reward yourself :D
2007-01-21 02:47:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
start a bank account. put 3/4 your money in the bank and use the other 1/4 for shopping(like at the mall). or you could put half in the bank and use the other half to use on stuff you NEED (food, clothes,etc.) and stuff you want(maybe like cds or somehing) happy to help
2007-01-21 02:48:31 · answer #8 · answered by JUDI 3 · 0⤊ 0⤋
I could not save money if my life depended on it. I should be able to save atleast $15K a yr after I paid for everything, but I don't.
2007-01-21 03:22:03 · answer #9 · answered by vsweety 5 · 0⤊ 0⤋
well, at 18, you can spend as you like. just don't over-spend.
2007-01-21 02:47:55 · answer #10 · answered by Anonymous · 0⤊ 0⤋