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What should I spend my money on at 16?

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What should I spend my money on at 16?

What to Spend Money on as a Teenager

  • Weekend nights out with friends.
  • Car insurance.
  • Data plan on your smartphone.
  • Gas for your car.
  • After school vending machine snacks.
  • Driver’s Ed.
  • Driver’s license fees.

What should I spend my $100 on?

No matter where your finances wound up this year, we’ve compiled 15 tips to help you stretch that Benjamin even further in 2012.

  • Open a college savings plan.
  • Pay down debt.
  • Stock up on frozen food.
  • Open a Roth IRA.
  • Take your pet for a check-up.
  • Open a Certificate of Deposit.
  • Make minor home repairs.
  • Invest in your career.
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What should I do with my first $100?

Our 6 best ways to invest $100 starting today

  • Start an emergency fund.
  • Use a micro-investing app or robo-advisor.
  • Invest in a stock index mutual fund or exchange-traded fund.
  • Use fractional shares to buy stocks.
  • Put it in your 401(k).
  • Open an IRA.

How much money does the average 16 year old have saved?

$966 – A Schwab Money 2011 study found that teens aged 16-18 years old had an average of $966 in savings.

How do you spend $100?

There are lots of ways to spend $100, but the trick is to make sure you get value for your money. Before rushing out to the store, think about the best ways to spend that extra money so after it’s gone, you still have something to show for your investment.

What would you buy with an extra $100?

With an extra $100, I would buy some clothes for myself. I’d like to look as fresh and updated as my little girl. I work in a kitchen with quite a few men, and we always dress down, so I don’t often spend money on fancy clothes or accessories. I would use the money to buy a beautifully cut coat, a pair of silver earrings, or a bottle of perfume.

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What do you need to spend money on first?

You Need to Spend on Money Responsibilities First: You likely have money responsibilities from your parents, or things that they expect you to contribute towards and otherwise pay for. You’ll need to save up for those at the same time (and possibly ahead of what you choose from below).

What do teens spend the most money on?

According to a survey completed by Piper Jaffray, teens spend an average of $2,600 each year on these top 10 things/brands/stores: Food (Chick-fil-A is #1 spending outlet, followed by Starbucks) Beauty products (Ulta is #1 brand, followed by Sephora) Clothing (Nike is #1, followed by American Eagle)

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