I’m a 16M and have a job making $8.50/hr working around 25 hrs a week. Have a car paid for by my parents and only pay for occasional gas. How much of my money should be saved, parents have decided to pay for the first two years of my college (going to CC for the first two years, feel it’s the best choice for my own financial reasons) and have no real monthly expenses, I told my parents to set aside 25% of my bi-weekly paychecks, is this a good number or should I be saving more? What should I do with all of this extra money since I have no expenses, mostly will go to the occasional pair of high end shoe or clothing, nothing crazy, food, gas, activities with friends, etc. should I make a budget plan for this money?
Tl;dr: making ~$800 a month, little to no expenses, no need to save for college, how should I save/use this money to prepare for my future
Submitted March 29, 2019 at 02:34AM by cxnceptions https://ift.tt/2Yy6pGf
