I have £400 to spend on anyhting i want what should i do with it?

Question

i am a 15 year old boy i have a laptop already and also have a wii so i dont want a xobx or ps3. what should i buy or should i invest it?

Answer 1

Stick it in a bank account!! yes it sounds boring but you will appreceiate that money when your older

Answer 2

I agree with saving it for driving lessons, you could even buy a scooter with it

Answer 3

Put it in a savings account for when you are 17 then you can have a full course of driving lessons from the interest. Maybe you could buy a car with it in a few years or spend it when you go to collage. At 15 you couldn't really do anything constructive with the money so you will only end up wasting it.

BTW lucky you £400 is a lot of money.

Answer 4

save it for a rainy day? you never know when you might really need it in the future

Answer 5

Put it in the bank for like a month and then take it out and you will have more money than you started with.

Answer 6

Save it.

Just put it in the Bank for now.  If you want to invest it...and thats not a bad idea, go conservative with it. Look for a good growth stock mutual fund.  Personally though, the market is going through a crazy phase right now...I'd stay on the sidelines till after the American Election is over, and then look at investing your money early in the next year.  Till then just put it in a bank...perhaps a Certificate of Deposit.

Answer 7

save it in a bank pick one that gives a good interest on your savings

Answer 8

DON T WORKSHIP THE MONEY JUST GIVE IT TO YOUR MUM OR YOUR DAD. OR CHARITY

Answer 9

Don't spend it, put it in a savings account & when something you really want comes along you'll be able buy it.

Answer 10

There is a saying, "A fool and his money are soon parted".

Answer 11

Give it to your mum.

Answer 12

Best thing is to save it, we are in a recession so that money will come in useful later on.

Answer 13

I would put it into a Young persons savings account. there are 2 good rates on the high street just now. Then when you turn 16 ( I think it is 16 ) you can open a cash ISA. My daughter loves it when her interest goes into her account.This year she had £202.00 interest in her account ( she has been saving for a while) . The best bit is as she is now working she does not pay tax on her interest.

Scotty

Answer 14

Save it all.