What to do with extra money?

Question

I am going to be starting a new job soon. With this new job comes a bigger paycheck. I will have an extra grand each month after all bills are paid. I really want to invest and save that each month, but not sure how to go about it. any ideas? thanks!

Answer 1

It's good that some id going to charity.

But if you have friends,maybe you could arrange one night ever week or two where you take a few people out and pay for it yourself,then you all have a great time.You should also save some,maybe use some to spruce up your yard or interior some.Maybe a nice fish tank with some bright tropical fish or gold fish that you could put in an entry way or a living room. Salt water fish are harder to take care of and more expensive, but will look better in your home.

Hope I helped(:

I'm only 13 but I am trying to find some kind of babysitting job or anything like that for school clothes. My parents never buy me anything for school. That's also a good idead, if you have or are planning on having children, you could start a savings account puttin money in for them.

And maybe start a retirement fund, you seem young, but it's always easier if you start saving early.

Answer 2

check out td ameritrade or fidelity. They have very simple investments you can get into,without all the hassles of being a big shot investor.

They have investments that are automaticallyt gauged to your retirement age,all you do is deposit certain amounts monthly,and they autmatically invest on your behalf,and automatically adjust the appropriate investment holdings for you as you get older,and closer to retirement.

good luck

Answer 3

Hire a Stipper!!!!!!!!!!!

Answer 4

Well you should be happy so upgrade your gadgets. Your phone, buy or upgrade your Mp3. In upgrade I mean sell it and buy better. Make yourself happy make that money go to you. Have have a shopping spree.

Answer 5

INVEST....INVEST!! lol..I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Its how i got started, and am still doing quite well.Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...