Hey folks!
I'll be 18 in two months and heading off to college in the fall, so I could use some advice!
Any general advice, mistakes to avoid, or general important info about personal finances would be greatly appreciated!
Bit of detail:
I currently do not have a job. There's a really good paid ($15/hr) internship that I'm applying to for the summer (though I'm searching for other options — I plan to be a polisci major so I've been looking at political internships).
My current budget for whatever money I get is:
40% entertainment, 30% savings, 15% giving, 15% necessary spending (my parents are nice and buy pretty much everything I need).
Once I'm in college, I'm planning to make it 45% necessary spending, 20% savings, 20% entertainment, 15% giving (this may change once I have a serious discussion with my parents about my personal finances as an adult). Whatever money that I have leftover from entertainment/necessary spending will be 50/50 split between more savings and stocks. I'm going to try to make myself stick to this as much as possible (are those budgeting apps any good?).
Submitted January 18, 2020 at 09:18PM by lightlessflame https://ift.tt/2tzNsIz
