I'm 15 and grandma just gave me $60, what should I buy?

Question

I have clothes and makeup so what else is important?

Answer 1

If you feel you have everything you need...and it looks like you do....why don't you save the money toward something you may want in the future. There's no rush to go out and buy something just for the sake of buying, start a savings account, and if you really want something down the road, then you'll have your savings to use as you like.

Answer 2

Give it to a charity of your own choice. Research.

The reward you will get from this act will be far greater than any monetary return. You will start a perpetual act of kindness that will keep blossoming throughout your life and the lives of others. You have no financial obligations or responsibilities. Yet, you have a responsibility to the growth of your personal character, $60 is a small investment.

$60 could put a good amount of clothes on a poor child's back or buy a lot of formula for a poor infant. Or help purchase medicine for the much needed wounds that children your age have suffered in places like Iraq getting caught in a war by the crossfire of Man's greed.

Our planet will rely on you someday. Be mindful. Be loving and be giving. This is the code of survival taught by every spiritual master since the beginning of Earth's existence, ripe for the picking.

$60 was given to you out of love and appreciation. Love and appreciation is meant to be shared.

Be well, Metta

Answer 3

$$$ You may llike this answer, $$$
you will always need more money, right?..so why not buy more money by putting it in a savings account that draws interest..of course you may need more than $50 to open an account, but at least go to the bank and check it out. or a credit union...if it only takes $50 to open, then you'll have $10 to do with as you want this time..maybe more next time..
There is nothing like making more money, a little at a time, by just giving it to someone else (the bank) and doing nothing but letting it sit there and buy more money for you. would you agree?

Always pay yourself first, no matter what...at least 10% of the money you have, find,get as gifts, or get paid with a paycheck. You will never go wrong using this concept.
one day soon when you don't have money to pay the bills, buy clothes, fix the car and on and on, you will be glad you got a savings account and saved a little each week for you and your emergencies, etc
if you just take $5 a day (and save it)and multiply it times say..300 days a year , you will have already saved up $150 for free so to speak...bc you did nothing but put it in your account

Answer 4

i think you should save the money or at least 50% of it, you would really benefit from it in the long run!!

you could open up a bank account or building society account.
because you are 15 you would need to open a children's account and you need a signature from your mum/dad or the person who is caring for you.

In England you can open an account with as little as £1
having an account will:
Make you feel more independent,
You will be able to manage your money in a grown up way
AND
You will be able to see your money grow because you EARN interest on your money for having an account.

Interest:
Interest is when the bank pays YOU money for keeping your money in their bank, which is stated to you as a %.

What that means:
For Example: if a bank gives you 5% APR, that means that you will EARN 5% on the money which you hold into your account, the more money you have in the account the more money you will get back!!
Every bank pays a different amount which is why it is best to look around to find the best deal.

So my advise put $30 into an account...the bank will give you money every year for doing this.
AND
You can treat yourself to anything else that you want...go out with friends and enjoy yourself, or start a new hobbies - an instrument (you can buy some cheap ones)

Answer 5

Did you do something special to earn the $60 or is it simply a gift? Either way $60 is a sizeable amount for an ordinary 15-year old. Perhaps you could use a part of it to buy something nice for your grandma and deposit the balance in your savings account. If you have no account then this is a good time to open one.

Answer 6

My suggestion is if you don't have a savings account to open one an put atleast half of it in there and then if you have something you need or want then splurge and live it up. Of course there are always needs throughout the world and you could use some of it to send to a mission to help child. Thinking of someone else is always more important than thinking of yourself.

Answer 7

Don't BUY - SAVE!!!
Today it is $60, but it has the potential to be hundreds down the line if you invest it, or tuck it away in a bank account that pays you a high interest rate for keeping it with them.

Answer 8

whatever is important is what is important to you. Buy your grandma something. A flower. I think if I had a grand daughter that would really make my day or week.

Answer 9

When in doubt put it in the old savings account until you can think of something you would really like to have.

Answer 10

I would say spoil your grandma - What about if you cook her some dinner and a bunch of flowers.