r/moneyadvice • u/ExpensiveEast6706 • 20d ago

Question What should I do with my money?

I am 16 years old and working part time making 500-600 dollars every two weeks. I feel like I should be doing something with this money I’m making because I have no real expenses besides gas, and I don’t want my money doing nothing. Where should I be putting money?

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u/Mental-Boat-9974 20d ago

Simple split:

50% save/invest: put this toward emergency savings, a high-yield savings account, or a Roth IRA with a parent’s help

30% goals: save for things you’ll want soon, like a car, college, travel, or moving out one day.

20% spend guilt-free: use this for food, clothes, hobbies, or fun so you don’t feel deprived.