Its just too easy..

junior_j

To not save money ,

My mum and dad have £120.00 of my mum saved for when I want it, but the rest of the money i want to save i cant , i always say i will but dont , i even got one of those money boxs where u need a tin opener to open it , and i caved after 2 weeks..

:mad:

How do you save your money properly! without caving and using it on crap then regretting it ,

I dont ever NEED NEED money but i like to know i have in case i need/want it.

I am 16 by the way , 17 in febuary , and i am in college!
Jess x:T

IT_nerd

At 16 you could look for a job in a shop. I worked at a garden center when I was 15 and got £38 a day.

central

Saving isn't about putting your money out of sight and not spending any. It's about making choices. Weighing up how much money you have, and deciding what you can afford to buy with it. Whatever money you get you should spend less than your income. You shouldn't be denying yourself full stop. You must decide what you can afford. And remember often you get as much pleasure from wanting something as buying or owning it.

opinions4u

Jess, it's in the mind.

You have to want to save.

You have to want to get excited by little bits of interest being added to your savings.

Better still, you have to really enjoy that moment where you spend half your savings (never all of them) on something significant.

What do you really want most?

A sexy hi-fi?
Posh laptop?
New iPod?
Holiday with a mate?
Furniture of your choice in your bedroom?
Your list! You know what you REALLY want most.

When you have saved it all for yourself, paid for it, and still got money in the bank, you'll know how fine it is and carry on the habit for a lifetime.

Don't succumb - save hard and love it!

junior_j

Thanks! i am having trouble finding a job , need a weekend job but every one wants 'full time' as its nearer to chrismtas..

And as im a 5 day a week college student i cant work through out the week ,i am also not entitled to EMA , therefore any more i make , is from childminding which is not as regular as i would like to be honest!
Jess x

GlasWolf

Maybe you could open a regular saver account. They give you a good rate of interest providing you pay something into them every month (even £1 in some cases). Some accounts lower your interest rate if you make too many withdrawals, or some don't let you make withdrawals at all. That should help stop the impulse buying!

As Opinions4u says, it's a balance between keeping money and enjoying it. If you go too far towards enjoying it, you end up in all sorts of trouble - too far the other way and... well, you'll end up like us.

Oblivion

IT_nerd wrote: »

At 16 you could look for a job in a shop. I worked at a garden center when I was 15 and got £38 a day.

Yep. During my last two years at school, I took on a Saturday job plus two evenings during the week, stacking shelves at our local Tescos.

Some of it got spent on my social life, but I always put a little away each week into a savings account, and the savings habit naturally followed throughout my eventual chosen career.

It's amazing how much more you learn to value things when you have to work hard for them.

Dave.

junior_j

Thanks for the replies everyone!

I dont really want anything pulled through my debit account!

I am hoping for a couple of evenings and maybe weekend job just whilst i am at college.

I have a contract phone (mum pays for it at the moment) but i would love when im elder and in a proper career to take on my own bills , like phone , internet ect,.

I used to be great at saving , but now im a impulse buying addict , not good for the balance i must say!

Jess x

Masomnia

I think a lot of it is to do with deciding what you really actually want/need, and what you just want on a whim, maybe because your friends all have it or something. We've all been there, where we see something we think we want, buy it, and never use it.

I suggest when you want something you think very carefully about whether or not it's worth the money. Weigh it up against what else you could use the money for. Could you get a cheaper alternative that's just as good?

I'm generally anti-job at school level. You have to make sure you can handle the school work as well as a job, a good education is so, so important, and a uni place or job maybe rely on grades that you're risking if you work too hard outside school. It comes down to learning the value of money.

IT_nerd

You're 16? 17 soon? Maybe a car would be something to aim for?
It's nice to have a goal, and even nicer to reach it.
Being able to drive your goal around might help too :P