I make at least $50 a week and I want to know how I should spend it.
2007-03-31 10:44:43 · 6 answers · asked by c101_1024 2 in Business & Finance ➔ Other - Business & Finance
If you don't have any pressing expenses, then you're fortunate and this constitutes discretionary income. Lucky you.
Do you have long term needs such as college or a car or whatever? Save a chunk of your earnings toward that goal. If it's truly discretionary, give a portion to a worthy cause, and then treat yourself to something you want. Or treat a family member or friend.
2007-03-31 10:49:41 · answer #1 · answered by Still reading 6 · 1⤊ 1⤋
$50 a week and don't know how to spend it? Did you mean maybe $500 or 5000 per week. given a minimum of 30% for shelter, 20% for clothing and 50% for food and miscellaneous, you don't have anything left.
If you mean $50 disposable, after all bills are paid, then you put $30 in a savings account for the rainy day, tithe your church, and setup a savings account for further education.
2007-03-31 10:52:01 · answer #2 · answered by The Cythian 3 · 0⤊ 1⤋
Save it. Don't spend it unless there is something you absolutely have to buy. If you save $50 per week for 40 years, you will have as much as $64,000. Now, wouldn't that be nice?
2007-03-31 10:50:27 · answer #3 · answered by regerugged 7 · 2⤊ 1⤋
Invest in some type of Natural energy. 25 years ago, a Good friend of mine had some extra money to invest. She decided to invest it in the " greatest motorcycle" she'd ever driven--Harley Davidson She's a millionaire.
2007-03-31 11:15:17 · answer #4 · answered by selectiveimage 2 · 0⤊ 0⤋
save 10%, give 10% and spend 80% would be a good formula.
2007-03-31 10:52:26 · answer #5 · answered by Heatmizer 5 · 0⤊ 1⤋
I suggest you consider saving them for future use instead.
2007-03-31 10:51:09 · answer #6 · answered by SGElite 7 · 0⤊ 1⤋