i just got my first allowance today, and i am palnning to save it, what should i save up for?
it's only 2 dollars but it's a lot of money to me. i get it every week. i have other money saved up but that is going to a card for mother's day. and the wrapping paper to her gift. however i will have plenty left over as it's quite a bit of money. we have a dollar store with loads of cheap stuff under 2 dollar's. but i want to save it and while i wait i will look at prices so i know how much to save for the thing i want most. haven't decided yet. is this a good idea.
Public Comments
- haha go buy 2 double cheeseburgers
- I like it that you have already put aside money for your moms present. With your 2 dollars just hold on to it until you find something you really want. Save part of your allowance every week and it will grow for you.
- keep saveing until you no what you realy wont to buy,i wish my son new how to save. he make his own card
- Wow! Kudos to you and your great saving habits. You should be very proud of yourself. What you need to do with that money is save it. Just put it away and keep adding more savings to your savings. The more you save, the more money you will have. A great way to save is by opening a money market account. You can open one online at ingdirect.com. This might be a little complicated for you just yet but you should look into it and read about it. You should research the power of compounding your money. It is very empowering to save money. As far as what you want to buy with that money?!!? Well it will come to you when you see something you really like. Good Luck and great job saving!!! keep it up!!!
- Here's what you should do. Take 25 cents of that money and put it somewhere special. Don't touch that money! Next week take when you get your allowance take another 25 cents and put it with the other 25 cents. Do that for the rest of your life and DON'T TOUCH THAT MONEY! Take a little tiny bit of everything you get and put it aside. The rest you can spend as you like. But don't spend everything you make! If you always save a little tiny bit every week when you grow up you will be what everyone wants to be. A rich person! Then you can do anything you like! Get into the habit now and you'll be glad you did later! And it also feels good now! Save a little and soon it will be a lot!
