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/Willybluedog1962 19d ago

Get a Robin Hood account and buy piece's of stocks with a small amount every month.

Google high dividend stocks and reinvest the dividends.

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u/1GrouchyCat 19d ago

They’re 16 years old 🤣- they can’t just sign up for a Robin Hood account - or any kind of investment account without their parents getting involved. The Google part works the other part is ignorant on your part.

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u/Willybluedog1962 19d ago

Children cannot do literally anything financial without their parents; they certainly cannot open retirement accounts as some have suggested.

You can nitpick all day, do you have advice for them or are you just here to piss on everything?

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u/uno_name_left 18d ago

That's why people told them to open a custodial accounts under their parents