I plan on keeping some for savings, some for car insurance, and some for dates with my girlfriend. But what should I do with the rest. I'm 16 if that helps any.
2007-07-18 14:07:09 · 10 answers · asked by Tails of Kirosno 1 in Business & Finance ➔ Personal Finance
Keep it deep in your pocket. It's okay to have money left over from one paycheck to the other......besides you'll be surprised how much more confident it will make you feel.
You forgot to include gas for your car. lol
2007-07-18 14:16:53 · answer #1 · answered by Laredo 7 · 1⤊ 0⤋
at you age i would think about putting some in a Roth IRA -- u do not need the tax right off now and it will grow over the years and the interest is tax free. in fact that is what all teen agers should be doing with some of the earn money. falls under what i refer to as a kitty tax loop hole. you can open a Roth IRA for as little as one dollar and add to it monthly. with the max being 4000 a year.
2007-07-18 21:26:02 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋
Well, odds are that you're going to be going to college soon. Student loans are no fun to pay off. Stick all of it into savings. Trust me, it'll pay off so much in the end. There is going to be a time where you'll need it for something important.
2007-07-18 22:47:35 · answer #3 · answered by CrazyKriket 2 · 0⤊ 0⤋
Rent, bills easy stuff. If you have cash left over, why not put that into savings as well. As you get older the concept of extra cash fades away.
2007-07-18 21:16:43 · answer #4 · answered by Horse 4 · 1⤊ 0⤋
Save ALL of it. You could have millions by the time you are 39 years old (really).
2007-07-18 21:16:02 · answer #5 · answered by Anonymous · 1⤊ 0⤋
ING direct online savings account. care for me to send a invite? you will receive $25 if you create an account.
2007-07-18 21:15:33 · answer #6 · answered by nodamnway 4 · 1⤊ 0⤋
Spend & Enjoy but put back some in saving.
Try 50.00 a week if possible.
2007-07-19 00:46:36 · answer #7 · answered by Mustbe 6 · 0⤊ 0⤋
save for your next car.
your parents won't always provide a car.
save for the deposit on your apartment when you move out.
2007-07-18 21:15:18 · answer #8 · answered by Sufi 7 · 1⤊ 0⤋
You could send the rest to me. =)
2007-07-18 21:13:18 · answer #9 · answered by dark bubble 7 · 1⤊ 0⤋
O.K. here is what you do.
1st- BUY ME A HARLYDAVIDSON FATBOY
2nd- BUY ME DRACULAS CASTLE
3rd- ASK YOUR SELF WHY IN THE WORLD ARE YOU ASKING THIS QUESTION ON ANSWERS
2007-07-18 21:17:14 · answer #10 · answered by thinkbig 3 · 0⤊ 1⤋