I'm a 17 year old from Indiana and want to make my future financial life as worry free as possible, so I'm trying to plan ahead and make the right decisions now. I've already read the wiki for my age, but would appreciate some more specific advice.
I'm a senior in high school, and am definitely going to college (public) next year. Probably out of state, but I won't have to pay any tuition because of grades/test scores. My parents are quite well off, but they're not idiots so they don't coddle/spoil me. As a result, we have an agreement where I pay for half of college ticket price, and they pay the other half. All scholarships go to cover my half, so my half is covered and my parents have the other half. I work part time at Walmart right now, and save 75% of my monthly income (about $800 monthly pre taxes). I also have the following "assets." (I'm only 17, I feel stupid calling these assets)
*$6,000 in savings account, earned over the past 4 years from various jobs
*$8,000 inherited from grandfather
*$1,000 in checking account
My goals for the future include:
*Continuing to grow assets while having fun in college
*Buying a used car sometime during college
*Potentially starting my own business after college
Basically I'd like some advice as to what to do with my money so I get on the train early, and get more than the .02% my savings account offers. I am savings oriented and want to be as fiscally responsible as possible without being stingy.
Thanks for all the help guys, I could really use it.
Submitted September 19, 2018 at 09:39PM by PlaneUniversity https://ift.tt/2NYQvlJ
