For a 16 year old is 500 dollars a week good?

Question

for having a part time job

paying 11.50 an hour?

Answer 1

yes, i personally think $500 a week for a teenybopper is pretty good cash.  but the more important question is, do you have enough time to play as the kid that you are (or should be) Once you start working, you never stop until you die, so enjoy your childhood while you can.  Happiness doesn't necessarily cost anything.

Answer 2

That is great money for a part time job and for a 16 year old.

Answer 3

Hummmm I suck at math but are you sure that is part time? Either way YES and good for you that is great! Wait...what the SNOT are you doing to make that much?

Answer 4

I'm 20 yrs old, and I get paid $11.50/hr. I only clear $337 if i work 40 hrs, I get almost 25% of my pay taken out in tax. I wish my work had paid me that much at 16. Enjoy!

Answer 5

d**n that sounds real good

well..it depends on what you spend your money on, how fast you spend it, where you shop, if you have any like phone bills to pay, and where you live so...

if it's for you know like shopping and going to the movies and stuff..i think thats pretty good money

Answer 6

yes.... as long as it is legal and will be an enjoyable learning experience for you.

Answer 7

dont get savings bonds... thats a terrible investment.. bonds do not even beat inflation rates.... this sounds really boring and not exciting but throw that money into a ROTH IRA with mutual funds.. you wont be able to touch it until you are 59 but hundreds of dollars at 16 would turn into thousands of dollars. keep busting your butt now as much as you can.. you will be able to enjoy everything later once you have money to spend... broke people say enjoy your childhood.. rich people will tell you thats how they started.. pay cash for everything and never get into debt.. stay away from credit cards... they will bring you down .

Answer 8

For 16 years old $500 is great.  I assume you're still in high school so remember to enjoy your summer as well.  You'll have your whole life to earn money and pay bills.  Good to see you're responsible too though.

Don't blow it either.  Now is the time in life where you invest a few bucks and with 30-40 years on interest you'll be in good shape when you're older.

Answer 9

Wow. I'm really poor. What's your minimum wage out there?

11.50 an hour? I'm 42 43 or something and I think that would be great at my age...and I have kids...

Answer 10

$11.50/hr is fairly good for a first job.  Your weekly total depends on your hours.  $500 at $11.50/hr comes to more than 40 hours.  That is DEFINED as full time.

Answer 11

Wow..

granted that my mortgage and many other things come out directly, I bring home $203 A WEEK.

I have to guess that is your gross, not net.

I think I hate you, especially since you are mooching off parents for this...

I'd be charging you $200 a month.

Answer 12

jesus, you make more money than me son!

I'm 19 and make about $230 a week... mehh