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spending versus saving.


Question Posted Saturday November 3 2007, 2:46 am

I get $9 a week for allowance. I feel like I should be saving money for college, but even if I put half my allowence in each week, i will have only a tiny bit of money by the time I graduate, (im a freshman) so should i begin to save now, or just enjoy my allowence each week?

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Hannahxo answered Saturday November 10 2007, 2:29 pm:
Well, no one can argue that saving money is always a good plan. But I wouldn't get too worked up about it quite yet. Spend your money wisely, but still put some to the side incase something comes up. I think if you really needed to save for college, I'd look into a part-time job once you turn 16 (if you aren't already). If you decided to go to community college your first year or two, you could easily afford a couple classes.

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mskeekee01 answered Saturday November 3 2007, 5:38 pm:
Please honey enjoy your allowance. That money is suppose to be for you. Funds for college is not a worry for you not now anyway. You will have plenty of time to pay for college.

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orphans answered Saturday November 3 2007, 1:34 pm:
you should spend it, but WISELY.
like only buy things youll want. and then you can save up because college is expensive. like over the summer this year, get a job. you dont have to spend ALL your money though, try to save some =]

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thelaura answered Saturday November 3 2007, 9:29 am:
I totally agree with the previous columnist.
You can easily get a job when the time comes, so don't worry about saving as of now.. although if there's nothing you want, don't spend it for the sake of it. It's always nice to know you have a little bit of money for when you need it. :)

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orphans answered Saturday November 3 2007, 3:02 am:
enjoy your money man, thats near nothing at all. by the time you can go to college you will be able to get a job... and all that 4 years saving will be made in 2 weeks. enjoy what you have.

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