nothign illegal
2007-11-10 09:56:43 · 14 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Open a bank account, deposit the $300 and you've started your college fund. You are going to need a lot more than $300 to get by in life and the best way to land a lucrative job is by getting a solid education. Someday you'll be glad you didn't waste the money on CDs, DVDs or video games!
Good luck.
2007-11-10 10:46:28 · answer #1 · answered by The Professor 5 · 0⤊ 0⤋
Subscriptions to the economist, national geographic, a non ipod mp3 player (flash, not hard drive) 1-4 gigs and money for public transportation to your local library.
and in terms of investments... look for arbitrage opportunities amongst consumer goods and commodities, the weak dollar has not yet affected prices of many durables. An easy example would be to buy a software program (check what you can sell it for on a market website like ebay first) and then assuming you can sell it, post the item for sale to say a UK buyer so what you bought in dollars you can sell in British pounds.
2007-11-10 10:16:04 · answer #2 · answered by refdxf 2 · 0⤊ 0⤋
Put it away in a Guaranteed Investment Certificate locked in for at least 3 months. Save it for a downpayment on a car!
2007-11-10 10:06:41 · answer #3 · answered by doglover 5 · 0⤊ 0⤋
dont purchase thigns like outfits... purchase a digicam or some thing . thast what i did right this moment haha im sixteen too, im very happy with it. fujifilm a900 its rather low-priced so i assumed there ought to be soemthing incorrect with it on the grounds that its 9megapixels.. so a techniques there isnt.. in any case or purchase some style of marvelous animal or somethign else yovue been eyeing in teh previous yet didnt have the money for .. in any case im gonna bypass take excitement in my new digicam haha byeee
2016-10-02 01:30:48 · answer #4 · answered by dickirson 4 · 0⤊ 0⤋
Go to a bookstore and buy a book on budgeting and investing. Put the other $250 in the bank until you don't need to ask questions like this again.
2007-11-10 12:44:36 · answer #5 · answered by STEVEN F 7 · 1⤊ 0⤋
Why do you have to spend it right away? Put it, or at least a good part of it in a savings account - they when you have something you really want, and don't have to ask strangers what to buy, you'll have the money.
2007-11-10 10:03:39 · answer #6 · answered by Judy 7 · 1⤊ 0⤋
Why do you have to spend it? Can you save it until you find something you really like? Can you use it to help save for a vehicle since you are 16?
2007-11-10 09:59:46 · answer #7 · answered by Patti 3 · 1⤊ 0⤋
$100 in savings, $100 for a nice present for Mom and Dad and $100 to buy something you really want. If there's nothing you really want now, put in savings and something will surely come along.
2007-11-10 10:11:26 · answer #8 · answered by Just Hazel 6 · 0⤊ 0⤋
I think you should invest it. Think 16 is too young to be worried about the future? Think again.. adulthood will come quickly.
Think about a Certificate of Depsoit at your bank -- get interest for doing nothing and just letting your money sit there. Sounds too good to be true? it isn't!
2007-11-10 10:21:33 · answer #9 · answered by <3 cats 3 · 0⤊ 1⤋
A hooker, a quarterbag, and some pipes.
Wait.. you said legal.
Then since your 16, how about CDs, video games, and stuff at Hot Topic (depending on your clothing style).
2007-11-10 09:59:43 · answer #10 · answered by xx_bleeding_gothic_heartz_xx 2 · 0⤊ 2⤋