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What should I do with my money?
I earned about 320 dollars from coaching a little league sports team during their whole season. I'm 18 and currently unemployed. I applied for another job but haven't gotten a response back. I don't really know what to do with my money. I can either blow it all and buy clothes (I REALLY need to update my wardrobe.. i haven't gotten a new outfit for probably a year and half. I just really need some new clothes haha I'm sick of wearing the same stuff) Or I can put it in my savings, earn more money, and then spend all of that later in the summer (considering i only have 2 weeks left of school).
so should I spend it now? or save it and wait until I have more money to buy clothes?
Also- if you say I should spend it now- do you recommend any places or ideas on how I can get a bunch of clothes for a cheap price? I was thinking Platos Closet since there are name brand clothes (so they are still cute) but cheaper. I don't really care if they are already worn. I just really need some new clothes haha. Thank you so much!
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Maybe give some free advice about: Random Weirdos?
You just said you are getting a job. You aren't sure if you are getting it yet. SAVE THE MONEY. If you blow all your money,How will you buy stuff like food, pay bills,and important things that you can't live without. You CAN live with the clothes you have. If you had no clothes,this would be a different story.
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You're going to college, right? Use that money toward tuition and books.
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I think you know the answer to this question and are just looking for affirmation that it is the right answer.
Since you are still in school you are not truly UNEMPLOYED, YOU ARE A STUDENT WHO WORKS PART-TIME AFTER SCHOOL JOBS. You will remain as such if you are going on to college.
Ifyou are going on to College then you need to continue to sock away the money you earn from part-time jobs so you can concentrate on your studies. This is very important especially for your freshman year. Regardless of how the tuition is being covered the more time you can dedicate to study the better off you are.
If you are not going to College then you are going to need money for a job search. Spend some money on an appropriate set of clothing to wear to job interviews. Put the rest in the bank.
Not wanting to be a total scrooge keep $50.00 out for a night of fun and leave the rest in the bank until you either find a job or you go off to school and need the money for books and things.
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You should save it in your bank account until you raise enough money. The more you save, the more you get.
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if you can handle it, i would say save half in your savings and spend the other half. when i have extra money left after bills, that's what i usually do because then i feel good about saving while buying just a couple items for myself. try that!
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I think you should save. It's your money and you should do whatever you want with it, but once it's gone it's gone. Especially because you're unemployed at the moment.
You don't have to save all of it, maybe just half or so. Something there in your account incase your friends want to go out or do something. I'm not sure where you live (and I live in Australia so I probably wouldn't be much help anyway) but factory outlets are great for lots of cheap clothes. Just go out and explore different stores, there might be some sales on.
I think it's great to start saving at any time, even just a teensy bit every week or so. It really does all add up :)
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