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getfoul
LOL Tiesto



Registered: Jan 2004
Location:

house house hohuse house house. You will get the best return off of a house. Buy young and think that in 5 years your house could increase 50k+ in value. So essentailly, you sell it and your mortgage comapany hands you a check for 50k and says thank you for staying in our home.

HOUSE HOUSE HOUSE!


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food!" I've turned into a f*cking moron.

Old Post Apr-26-2005 07:30  United States
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Ripped Bag
Senior tranceaddict



Registered: Jun 2001
Location:

I had my first account at 13

o.O;

Late start isn't bad I guess..

Old Post Apr-26-2005 10:40  United States
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EarnYourKeep
LIT



Registered: Dec 2001
Location: twentyonetwo

Roth IRA game set match


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Old Post Apr-26-2005 15:16 
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requiemofnanqel
Team SVD



Registered: Jan 2005
Location: Miami
Re: First Bank Account

quote:
Originally posted by ::TranceVanDyk::
upon my 18th birthday, i applied for a bank account with savings and checking. currently, i put about 20% of everything i make or recieve into my savings account and the rest in my checking account. i just got my debit card which is a little exciting, but i dont want to rush into it and become a debtor. its pretty nice making your own money and not mootching off parents anymore. i now know what its like to work for the stuff i buy. much more careful with my spending habits and taking care of my stuff. otherwise, losing just a 30$ jacket is like working for 5 hours and not getting paid anything.

from the experienced TA's, how should i save, invest, and spend my money??



coming from someone who works in a bank, let me just tell you, be wise on using up your debit card, especially if it has a visa/mastercard logo

best advice i could give you is learn how to manage your checkbook, in order prevent overdraft charges, b/c those blow and the majority of the people who come into the bank in order to complain about overdraft charges is b/c they don't know how to keep track of what they've spent which only makes my job harder and they're life more complicated b/c they're spending unnecessary charges on pointless fees

now how you decide to spend your money is your business

Old Post Apr-26-2005 15:33  United States
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Azz3D
Asobi Seksu'd



Registered: Jul 2002
Location:

america is a country based on careful financial management and monetary calculations

if you don't have brains, you're fucked


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Old Post Apr-26-2005 15:41  Yugoslavia
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Lira
Ancient BassAddict



Registered: Nov 2001
Location: Brasilia, Brazil

quote:
Originally posted by Ripped Bag
I had my first account at 13

Had mine at 14, I believe.

\ /


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Old Post Apr-26-2005 16:10  Brazil
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vswede
The World is Mine



Registered: Dec 2003
Location: Beijing

quote:
Originally posted by ::TranceVanDyk::
ok, good, im pretty much on par with all your responses. 20-25% into savings, other % into checking for anything i want to buy. thanks.



dont even try, unless you want your parents to be in control of it. basically, your name would be on it, but the only power u would have would be to deposit. to withdraw, youde need parental permission. on your own account.


i am currently 16 have both a credit and debit card was really excited when i first got mine heh. but i can do wahtever i want with them except that i can not transfer money online. but i can put in and take out money without my parents permission. my debit card is linked to my own bank account which i and my mother are in full control off. and my credit card is linked to my fazaar's bank account hehe


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Old Post Apr-26-2005 16:44  China
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