I'm 15 & my mum would give me $35-$40 per week but I can never seem to have more than $100 in my wallet?
What bothers me more is that after a day in the mall [money gone] I start to regret. Like, I didn't exactly NEED those shoe or those headbands...
How do you save your money when hitting the mall/shops?
2007-10-11 12:48:55 · 36 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Open a savings account so that whenever your mom gives you money you can make a deposit with some of it "before" you visit the mall.
Only take a small amount of money with you when you go to the mall.
Stay out of the mall and find other ways of enjoying yourself.
P.S. You're still very young so don't be too hard on yourself for your spending habits because wisdom and self-discipline will come when the time is right.
2007-10-11 13:08:15 · answer #1 · answered by Bethany 6 · 0⤊ 0⤋
See if you could do some "pre-shopping" online and figure out what you want and how much it costs; bring only the exact amount of money you need to buy the items found online to the mall, buy them, and you won't have any money leftover to spend frivolously with. Or you could go to the mall one week, make a list of the things you want to buy, think about the list and edit/revise it as needed over the next week, then go back the following weekend and buy the things you decided you really wanted and needed. That way the purchases are well thought over and you'll learn how to make wise spending decisions :) hope the tips helped
2007-10-11 12:53:51 · answer #2 · answered by anna s 1 · 1⤊ 0⤋
Take only a certain amount of money with you. Limit yourself to only $20 (or whatever) when you go to the mall and remind yourself that you do not need to buy anything at all. That way you won't have buyer's remorse as soon as you leave the mall.
Also, ask your mom to get you a savings account so you can start saving your money, it will be easier without the temptation.
2007-10-11 12:53:40 · answer #3 · answered by angiemedic56 3 · 0⤊ 0⤋
easy, avoid the mall. or take $5 with you and thats all you can spend.
you are 15... NOW is the time to learn about managing money and saving for the future...
otherwise, you will be 30 and 40 someday and have debt and be broke.
not a fun place to be let me tell you. Save now. Start today
2007-10-11 14:07:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Don't keep all that money in your wallet. Decide to bring a certain amount (perhaps $25-$30). This way, you won't be so tempted to buy things because you won't have the money. This doesn't mean that you can't buy things you'd like perhaps a cd, dvd, book, a blouse ON SALE.
I know if I have a lot of money on me, then I sort of go wild and spend money on whatever I want.
It takes some discipline, but I know you can do it. Get the BUYING out of your system by trying on lots of clothes (free) without buying any----listen to cd's in stores (they often have headphones), looking through magazines at the bookstore.
2007-10-11 12:55:04 · answer #5 · answered by Seablanco1 6 · 0⤊ 0⤋
this is why it's so important for kids to learn financial discipline and personal finance. you need to look at what you spend that money on. on everything you get receipts and add it up. look at what you spend it on. also think of how much your mom works to give you that money. in fact, ask her to help you with this. have her go ove the family budget, and NOT talk about it with anyone, but just see what she does with her pay check. when you get older and start working get a debit account. pay for the overdraft protection and learn to keep track of it with the bank's website. MAKE SURE it's a bank that does NOT charge a monthly fee. start a savings account and commit some of your check to it every week. stay the HELL away from plastic! once you move on to your own place and pay your own utilities you can build your credit with paying your bills on time with online bill paying. give this all a try. and discipline yourself with your friends. no matter how much they bug you CONTROL yourself. it doesnt mean depriving yourself of fun but to realize you DO NOT need to have everything you want. learn to use coupons and bargain shop. you must do percentages in school. go over this with your teachers as it's an invaluable tool in shopping for anything. when you go for that first car go for a persons used car at leasrt 7 years old. pay cash. if things dont work out your not stuck paying a loan. handling your money is something that anyone can learn and your never too old or too young to start.
2007-10-11 12:58:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hello! you get more then most kids for an allowance... What do your parents do for a living? If you really want to save money, the answer is you stay away from the malls! I know it is tempting but use your will power, okay? Oh.. and can I have loan??
2007-10-11 12:54:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Don't go to the Mall?
If you put $35 a week into a mutual fund earning 12% a year, it would be worth $5,000,000 by the time you retired!
2007-10-11 13:00:54 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i have an idea. what i do, before i go to the mall, i make a list of the important things you need to buy. If that doesn't work, try storing half of your money in a piggy bank, so in that way, you're controlled with a limit. And while you are buying, you must always think first. Do you really need it?
2007-10-11 12:54:17 · answer #9 · answered by A℘riℓ 3 · 0⤊ 0⤋
stop going to the mall. The mall is not a good place to hang out anyway. There is plenty of things to do that don't require spending money.
2007-10-12 05:06:21 · answer #10 · answered by Steve R 6 · 0⤊ 0⤋