I am 14 and spend all the money I get. Me and my twin sister are saving up for a new camera but we cant to it if we dont have any money. I need a really good solution to stop me from spending.
2007-02-19 06:19:35 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Do you get your money from your parents? If so, ask them to not give it all to you. When you have a real job someday, sometimes you can have part of your money taken directly from your paycheck and put away. That way it is never in your hands to be spent in the first place. Usually you never even miss it. I don't see why you can't do that with your parents. Ask them to give you half your allowance, and put the rest away somewhere until you have enough for what you want.
If you have a babysitting job or something of the sort, the best thing I can think of is to get a big jar or piggie bank and deposit half your money or some other portion in there, and just make that jar off-limits. If necessary, have your folks guard the jar for you until you have what you want.
Saving your money is hard, but it is a good idea to learn how to do it now. Blowing it is a hard habit to break, even when you are an adult. Good luck!
2007-02-19 06:30:17 · answer #1 · answered by Mr. Taco 7 · 0⤊ 0⤋
simple whatever you get for allowance save 80% of it. And dont buy the camera until you have 150% of how much a camera cost.
A way to save money is to make a chart of how much you need to save. Then you will see how much you can have if you just start saving. Eventually you get use to saving money and only making big purchases. Now im saving for a $300 dollar purchase by doing that.(grills)
2007-02-19 14:28:41 · answer #2 · answered by PTK 5 · 0⤊ 0⤋
You have to make it a priority to put a set amount of money away from each allowance or paycheck or however you get money, make it like a bill that you have to pay only this bill is to yourself. Try starting a savings account or buying a small safe to keep the money in. A website that I recommend to look at for anyone who is interested in better handling their money is http://www.suzeorman.com/
2007-02-19 14:30:23 · answer #3 · answered by ct_girl02 3 · 0⤊ 0⤋
Get 3 envelopes. Label one for giving, one for spending, and one for savings.
When you get any money, you should put a little bit into all 3 envelopes. When you are have spent the money out of your spend envelope, that's it until you get more money. Do not pull the money you put into the saving envelope until you've saved the money for what you are saving for.
2007-02-19 15:32:53 · answer #4 · answered by Jen G 5 · 0⤊ 0⤋
At 14, you should be able to get lots of babysitting jobs, maybe some lawn mowing or house cleaning jobs, too. Work as much as you can & get your parents to help you open a savings account at their bank. Put your savings in there & you won't have it handy to spend. Then you will have to get them to help you get it out, so they can have a chance to talk you out of spending it on something dumb. ;-) Best of luck.
2007-02-19 17:21:07 · answer #5 · answered by Tom's Mom 4 · 0⤊ 0⤋
As soon as you recieve the money put it into a savings account or give it to someone that you trust to hold it for you. I would put about 10% of any money I get aside.
2007-02-19 14:27:58 · answer #6 · answered by onlyoneshea 2 · 0⤊ 0⤋
dont spend ne of it
2007-02-19 14:21:43 · answer #7 · answered by nickelbacksmyhero 2 · 0⤊ 0⤋
get boyfriends
2007-02-19 14:27:53 · answer #8 · answered by hdwasp59 2 · 1⤊ 1⤋