I turned 18 in October and got a lump some of money due to some investment plan that my mom had set up after my dad died 15 years prior. I had no idea until about a few weeks before I was to be paid, and she hadn’t even remembered that she had it set up.
Now, we’re nowhere near rich, so when my mom told me about it, I swore that I wouldn’t blow it all away and would find something practical to do with it.
I put about half of it into my savings, which I don’t ever plan on touching until absolutely necessary (if even at all). The other half I put into my checking account, so naturally, anytime I need to make a transaction whether it’s clothes or food or anything, that’s where it comes from.
Like I mentioned, we never really had much money to spend freely and I was always good with working with what I had by not spending too much on nonsense. But now, as a college freshman with no consistent bills and a lot of money to spend, I find myself paying for things thoughtlessly. Not to mention, my mom knows how much money I have so I’m pretty much on my own. And now, 5 months later, I have about $3,000 less than I started with.
Of course, I plan on working during the summer, but as a full-time student, I can’t expect a steady income year-round, which means my funds will be dwindling faster than they’ll be increasing.
Ultimately, I would like to be able to comfortably live after college while not being neck-deep in student loans. I was wondering what my options were as far as investing the money, or doing SOMETHING with it so that I can still have money (hopefully more) years from now.
TL;DR - Dumb teen with more money than I can handle wants to make more money so I can spend and not feel bad about it :)
Submitted March 07, 2018 at 03:03AM by natnast420 http://ift.tt/2HcfESR
