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How well do you budget?
Posted 12/27/12

DoMa666 wrote:

well i am jew when it comes to money


lololol so's i

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21 / M
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Posted 12/27/12
Terrible.

Only saved -120% of what I earned last year, lol.
The rest was spent on entertainment, ladies, my car, school, and anime/games.
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20 / M / Denmark
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Posted 12/27/12
Starting early will only help you later on, still working and got a year of rent covered so far. Pretty much ready for university in half a year.

But then again, using money on the ladies and having a good time (alcohol) is important as well!
1mirg 
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21 / M / United States of...
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Posted 12/27/12
I can't do the math, yeah, me terrible at math

But, I only get cash for gas money, which I save about 100% of that cash while walking to school, which is 2.5 miles away. I also save about 40$ of said while shopping for food, since I normally spend about 10-20$ on food shopping once a week. Then I save up the extra cash, until I reach a certain point. But, I maintain a steady balance of 40$ inside my 'cash pot' aka bank. So, yeah...you tell me because I have no idea
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28 / M
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Posted 12/27/12
Once you achieve "responsible grown-up" status, it's impossible to save any appreciable amount of money. Just keep doing what you're doing and maybe buy stocks from some discount online broker.
Posted 2/21/13 , edited 2/21/13
Gets pay check
Spends it all on stupid cheap shit*
The most expensive thing I bought recently was my phone, but I had help with it.
Next is my Laptop but had to sell a lot for it.
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29 / M / Las Vegas
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Posted 2/21/13

ikwerty wrote:

Well, I'm just a high school student who started working part time a few months ago, but I've been worrying about whether I've been spending too much money.
To give you a general idea, my average income on a normal school week is $170 to $200. When I first got the job, I was planning on saving about 80% of my total income, but as the months went by, my actual saving rate is appalling. Here's the trend:

First Month - 90%
Second Month - 65%
Third Month - 58%
Fourth Month - 74%

As a high school student, do you think I'm spending too much money? (if you're not bothered working out how much I've spent. I've spent about 900 dollars altogether in 4 months. ) I mainly spent the money on food, manga and electronics. But maybe I should take into consideration that I paid for all my school activities in this 4 month period, including a 350 dollar camp.
And how does your monthly saving rate compare to mine?



The best way to save your money, in my opinion and experience, is to put it into something that will make money for you. Personally I have been investing a significant amount of money in marijuana stock shares. Ive doubled my savings in 2 months and I just keep the money in my portfolio. Its a pain to get to the money so it makes it easier for me not to touch it. I have a normal personal savings just for emergencies and I keep a few thousand in a CD account as well.

When I was your age I didnt save jack shit and I regret it now. I probably wouldnt be working now if I would have saved up and invested all my money when I was 18.
Tarya 
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35 / F / Glen Allen, Virgi...
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Posted 2/21/13
Budget?!! You blasphemer!

Seriously though, I used to have a budget before I got married. But then I met Mr. Fiscally Irresponsible, and the wants seem to outweigh the needs most of the time.
Since we don't have kids, this isn't affecting anyone but ourselves, but when the same person is unhappy in their job and wants to quit after 18 years, and starts talking about opening a pet shop instead of finding another job, and we are talking about purchasing our first home within the next 6 months...

I certainly wish we had a budget so I wouldn't feel so overwhelmed at the moment.
Then to top it off, I tell him that to start a business and buy a house at the same time would be darn near impossible (our savings borders on dismal), and I get told I am not supportive.

Save as much as you can for as long as you can. Get a credit card with a low limit and pay off the balance every month (in other words, only use it for gas or groceries, save the money you would spend for those to pay off the credit card). You pay no interest and improve your credit quickly.
Pay all your bills on time. Especially Utility bills, rent and car payments. Your credit score will thank you.
If you can't pay on time, call ahead of the due date to work it out with the company so they don't report you. Most are forgiving, especially if it is a first offense.
At the beginning of your loan payments, make the next principal payment and make sure to let the lender know you are paying an extra payment towards the principal - this will cut off the interest you would have been paying on the next payment. It is easier to do at the beginning of a loan because the interest portion of your payment is usually so much higher than the principal. By doing this, you will cut out a huge chunk of interest and will be able to pay off your loan faster.
And all these helpful hints are brought to you by my mom, who paid off her 30 year home loan in 11 years, and worked for a bank for 20 years.

Sometimes her advice is hard to swallow. Obviously I wish I had followed some of it now.

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31 / M / Waco
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Posted 2/22/13
Horrible. Just got my check today and all was spent bills and property taxes ugh!!!!
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23 / M / Hughesville, Penn...
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Posted 2/22/13
I am a non-materialistic person, so my budgeting skills are impeccable.
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39 / M
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Posted 2/22/13
i don't budget
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25 / M / UofL; Louisville, KY
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Posted 2/22/13
Here is how most high school students who work save:

First Month: 0%
Second Month: 0%
Third Month: 0%
Fourth Month: 0%

Heck most of them are actually spending more money than they make if you consider parent support for example. If you save up more than 50% each check and you make that much money than you could easily pay for the majority of your college expenses, then you can get loans near the end of your studies (NOT BEFORE) interest sucks.
monkat 
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23 / M
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Posted 2/22/13
Not...as good as it should be.

I have great credit, don't get me wrong, but I tend to make regrettable impulse purchases involving anime and video games that take away from food and social fun.
Posted 2/22/13
I eat my money
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23 / M / Hughesville, Penn...
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Posted 2/22/13

Nyuboom wrote:

I eat my money


Why?
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