Personal Finance Questions and Answers

How much should teens store??

I am 17 and have a recreational job for which i acquire round $120 a week. How much should i be saving?
How much do other teens let go?


Answers: i have a niece i.e. your age and makes around the same and she is putting 15% await into a roth ira! the rest she pays for gas for her motor and insurance!
I got my first opportunity at six flags when I was 14. You should start by putting the entire amount into a right savings statement until you have at most minuscule 300 dollars. Look for one that will give you a great return. After that you should put at least possible 25 a week. Before you know it you will have over a thousand.

Im 20 very soon and I had around 13 thousand save up but I usually just put the entire amount surrounded by or did 50/50 into a checking account and into my funds.
Half of it. You'll need it for college.

Bankruptcy quiz on written past its sell-by date credit card debt and collection agency?

Have to file ruin. Been out of work for 6 months. Two credit cards have be written off but amount, I guess, have been turned over to a collection agency. When I report for bankruptcy do I merely list the hill or just the collection agency? Can the collection agency side dishes my wages if I obtain employment? Thanks.


Answers: List them both.

Filing for ruin will stop any judgements to garnish your wages.
If you are file bankruptcy, endow with your attorney all bills and demands for contribution from any and all sources. Your attorney will sort them out. Laws swing from state to state. In Texas, no one can garnishee your wages except for child support or federal taxes.

I'm 13, any ways to make money to save up for the itouch?




Answers: How bout babysitting .. pet sitting .. cleaning others homes or garden work .. taking pets for walks.
If it's snowy where you live .shovel snow off peoples porches and walkways.
Ask your parents for a 2008 gift. Tell them if they buy the itouch ... that will be your B'day...Christmas ... Valentine ...Easter ...etc. present for the year.
Good Luck!
babysitting
or
dog walking
or
doing extra chores
or
sell some of your old stuf that you no longer need .

xx

good luck with the ipod touch . x :D
Whatever you do, DO NOT touch the money until you have enough for what you want.

Sometimes we get tired of saving and spend a little here and there, and before you know it, we don't have any money left and have to start from scratch...

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