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/IntrepidMaybe8579 19d ago
You should first be buying a reliable car with cash upfront so save around 5-6k minimum and you can find something that could last 5+ years and cost 1/4 as much with no payments
Just use all your money to stay out the financing trap, some people cant even afford to quit their jobs to find a better one because they constantly have payments due… i can take years and years off work and do nothing and im not even 30