2007-04-05 08:00:30 · 17 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
ideas, tips, blow it???, save it
2007-04-05 08:00:54 · update #1
Your mom is right you need to open an account either a savings account (because $800 is not the recommended minimum for a money market savings accounts) or open a certificate of deposit (CD). The CD is the best idea because it garners more interest (which means more money) but you cannot touch it without hefty penalty. Another option is that you can start a business and there you will be earning your bread. Yet another option is to invest your money in a small mutual fund. However, if I was you, I would take the money and start a small sort of business if you're still in high school. If you work hard and succeed, you are on route for a million bucks quicker than merely saving it. Plus it looks good on your college application essay. ;-) I know I am 23 years old, and did it myself.
2007-04-05 08:09:02 · answer #1 · answered by Maria Gallercia 4 · 0⤊ 0⤋
Open an account. Spend a little for fun. Save the rest. Try to add to it whenever you can.
2007-04-05 15:18:42 · answer #2 · answered by Nightlight 6 · 0⤊ 0⤋
spend some, save some. 50/50, 60/40, whatever. Or buy yourself 1 thing that you really want with part of it and bank the rest.
2007-04-05 15:04:55 · answer #3 · answered by slykitty62 7 · 0⤊ 0⤋
Invest 500 in a marketable security, and spend the rest on one nice item that you've wanted for a while. What ever you do, don't blow it on impulse items, you'll only regret it.
2007-04-05 15:12:20 · answer #4 · answered by Pat F 2 · 0⤊ 0⤋
Save it, save for a nice car or college or something. Dont be an idiot and blow it. My friend got 100,000 dollars he blew it all and really regrets it.
2007-04-05 15:03:51 · answer #5 · answered by El Sexy Version de Seth Rogen 3 · 0⤊ 0⤋
SPLURGE !!!
... nah, actually a savings account sounds like good advice, you never know when you'll need that kind of money for something important.
2007-04-05 15:05:16 · answer #6 · answered by aa.gabriel 4 · 0⤊ 0⤋
Save it! Will help when you are ready to go to college
2007-04-05 15:05:19 · answer #7 · answered by missjax72 4 · 0⤊ 0⤋
spend a little, maybe buy something you`ve been wanting for a while, & save the rest...
2007-04-05 15:07:38 · answer #8 · answered by *atomickitty* 7 · 0⤊ 0⤋
save half of it in an account and with the other half staart to invest
2007-04-05 15:03:23 · answer #9 · answered by PIMP MAN 1 · 0⤊ 0⤋
If you don't know yet, it's NEVER a bad move to just save it.
2007-04-05 15:03:51 · answer #10 · answered by Realvocalist 4 · 0⤊ 0⤋