teenagers of AC

user_name said:
They do plan on spending a lot on my education, so I can cut them a break on stuff like cars and crap.
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same. i think my parents are gonna let me use the 700 i have in the bank for a downpayment on a car. they let me set that thing up when i was 5, and promised i could take money out if i kept putting in money. but now i'm 13, have been putting in money for 8 years, and they still don't let me take any out!!! not cool lol.
 
In the adult world no one is going to handle your finances for you. Learn now, it's the best time to learn how to save

I made an agreement with my kids that if they put at least 10% of their check in savings I wouldn't charge rent, but if they spent it all, they can spend 20% on the upkeep of the house. they could keep the passbook but I wanted to see it every time they got paid.
 
I'm suddenly nostalgic for the old "when I was your age I had to walk 20 miles barefoot in the snow!" stories.

Which growing up in Florida, made even less sense... :rofl:
 
excuzzzeme said:
In the adult world no one is going to handle your finances for you. Learn now, it's the best time to learn how to save

I made an agreement with my kids that if they put at least 10% of their check in savings I wouldn't charge rent, but if they spent it all, they can spend 20% on the upkeep of the house. they could keep the passbook but I wanted to see it every time they got paid.
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I started putting 20% into savings this year, 10 into an account I can't touch, and 10 into an account I have control of. The rest goes into my wallet.
 
its a good start! keep it going

If you can do it for at least 20 years you will save close to or slightly over $1 million but you have to do it when young. Saving for 20 years when older does not equal the same amount saved. Talk to a financial planner/insurance agent. I think it has to do with turning over more interest or some-such thing.
 
excuzzzeme said:
its a good start! keep it going

If you can do it for at least 20 years you will save close to or slightly over $1 million but you have to do it when young. Saving for 20 years when older does not equal the same amount saved. Talk to a financial planner/insurance agent. I think it has to do with turning over more interest or some-such thing.
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When I have enough I'm investing half in "safe" stocks, and half in a CD.
 
so teens what do you plan on being and adults what are you in life? i plan on either being a vet, zoologist, or biologist. I've loved animals since i could walk!!
 
Parents just don't understand right guys?
 
I get my allowance every week. One time my mom was all like "I can't give you allowance this week, I have to pay bills." So I slapped her and told her "give me my money 'for I wreck you" and she paid up. Bills are stupid.
 
zaffy how old are you? and my parents are pretty cool most of the time. maybe bc theyre younger than most of my friends parents.
 
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