2007-12-30 10:22:08 · 41 answers · asked by Anonymous in Sports ➔ Basketball
donate it
2007-12-30 10:24:16 · answer #1 · answered by Brad E 3 · 1⤊ 2⤋
Most 13 year olds would spend it all on clothes or a party w/ friends....... A few more responsible 13 year olds would spend it for something that is really needed.... perhaps by others... Another group of 13 year olds would put the money in the bank along with any other money that has been saved and let it earn interest although most bank accounts and checking/savings accounts aren't earning more than a bare minimum of interest. If you have enough for a CD (certificate of deposit) some banks are offering as much as 4% interest but there is a minimum amount that must be invested. If you don't have enough for a CD now it might be interesting to you to find out about them and how investing your money earns more money for you. Down that road that is something that is super important to know ! Perhaps you could do a little of each.
2007-12-30 10:30:07 · answer #2 · answered by singlegal 7 · 1⤊ 0⤋
Have your parents open up a savings accoutn for you and put in $100. Give them 10% ($30) and give 10% to the church that you go to (if you have one ore else send to you favorite charity) There is a biblical priciple behind this. The Law of Compensation, you reap what you sow. The rest. $140 invest into something that has a better return than what the bank is paying you. Look into starting some type of business that you acna handle. For expample: buy a popular software program that you can learn how to use and offer your services to teach others how to use, or purchase yard tools,rakes shovels, etc. and offer your services to local neighbors, or if you are into the internet, purchase a digital camera and have your parents help you set up an account and take pictures of things you can sell on put them on craiglist.com and sell used item until the business gets going and then your parents can help you satrt looking into new merchandise. At an interest rate of 5% in the bank, your money will double every14.4 years. So, in 7 years it probably would only be worth$450 not $2000. It is called the Rule of 72 a formula Albert Einstein developed. I am a Loan Officer and Financial Consultant. Look it up. Good Luck!
2007-12-30 10:34:49 · answer #3 · answered by Kat 3 · 0⤊ 0⤋
Put it in a savings account and start saving for your future. You'll have a lot of things coming up soon in your life that you'll need it for...In 3 years you'll be driving start saving for a car, in 5 years you'll be going to Prom and graduating, and in 6 years you'll be going off to college Or starting out on your own.....It may seem to you like a long way off but it will all of it will happen sooner then you think.
Have a Great New Years!
2007-12-30 10:32:03 · answer #4 · answered by Mommacat 3 · 1⤊ 0⤋
Stick $270 of it in the bank in a savings account with NO debit card. Keep the other $30 for something fun.
2007-12-30 10:24:47 · answer #5 · answered by Anonymous · 4⤊ 0⤋
If you're not sure, then the wise thing to do would be to save it. Put it in a bank account or if you don't have one, just some where safe until you know what you want to buy with your money. That's what I do =)
2007-12-30 10:25:50 · answer #6 · answered by Dolly Mixture 3 · 2⤊ 0⤋
Put it in a savings account, watch it be $2000 in 7 years ;)
2007-12-30 10:24:52 · answer #7 · answered by WHAT THE HELL 4 · 2⤊ 0⤋
Put $200.00 in the bank and treat yourself to something that interests you with the remaining $100.
2007-12-30 10:26:28 · answer #8 · answered by Christine 4 · 2⤊ 0⤋
save it 4 a nice car
2007-12-30 10:38:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
UGGs<3
2007-12-30 10:25:05 · answer #10 · answered by Anonymous · 0⤊ 2⤋
Put half in the bank and spend the other half on something you really like.
2007-12-30 10:28:24 · answer #11 · answered by Anonymous · 1⤊ 0⤋