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A little backstory: A few years ago I got a hefty amount of money from my grandparents for graduating the 8th grade. I started a savings/checking account with it two years ago and currently have a debit card. There was about $500 in there to start. Last summer, I started my first job and made a decent amount of money. In my state they legally don't have to pay you minimum wage if you are under the age of 17, so I made $8.00/hour (minimum wage in my state is $8.25/hour). I started spending my money faster than I was making it, had about $1000 in there, spent most of it on food, parts to build my computer (nearly $500), and various other things. Even after leaving the job at the beginning of the school year I still spent a lot, not realizing all the small things I was buying were adding up.

Now, I only have $20 to my name.

Recently I just started a new job, and I just got my first paycheck. They now pay me minimum wage, and my first paycheck was $176. I get paid biweekly, and I work part-time because of school and other events. As an aspiring filmmaker, I plan on spending money on equipment and other things to create the things I want.

However, I need money on the side for the occasional food, going out with friends, and of course more important things like paying for gas and my car insurance (I pay half of the fee per month, my parents pay the other half). I need some advice on budgeting my money so I can fulfill the things I want to do over the next few years, and also maybe help my parents in paying for my own college in a few years. I did take a personal finance class last year, however, I just barely passed the class.

TL;DR - I'm a highschool student who is terrible at spending and budgeting money and need some advice on doing so.



Submitted April 20, 2017 at 09:59AM by uprisingfilmmaker http://ift.tt/2o7COVu

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