What should I do with my money?

[Haad]

So, basically I've started earning quite a bit for a 15 year old, around 4-5 bucks a day from this website by completing surveys and being a kid with no allowance, I'm trying to save up for some shoes. So, I'm wondering with the money I've saved up ($60 in 15 days) how to do I somehow double that?

pls no trolls.

 

[Louwtjie]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

 

[Haad]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

So, if I put my money in a fix account, with interest, what will even happen?

 

[Louwtjie]

So, if I put my money in a fix account, with interest, what will even happen?

For example I can't withdraw my funds unless I give 32days notice.

And your funds make money the long it sits

 

[Spenser]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

is this a soley SA company that offers this 8.64% interest, also is it compound?

 

[Louwtjie]

is this a soley SA company that offers this 8.64% interest, also is it compound?

Depends from bank to bank obviously

 

[SuperCoolMomo]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

hmm ive got money and i dont do that

 

[Louwtjie]

hmm ive got money and i dont do that

Your dad is legit a millionaire sit down

 

[Haad]

Your dad is legit a millionaire sit down

Now, can I do that with any bank or a certain bank that offers a high interest ?? I live in Canada.

 

[SuperCoolMomo]

Your dad is legit a millionaire sit down

your crazy, thats bs i earn my $$$$$$

 

[Louwtjie]

Now, can I do that with any bank or a certain bank that offers a high interest ?? I live in Canada.

Yea. Its not limited to just one place. Just go to your local bank

 

[Aero512]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

don't you need a parent to open a custodial account for you if you want to invest? (through an app like stash)

 

[Louwtjie]

don't you need a parent to open a custodial account for you if you want to invest? (through an app like stash)

Depends on country. You're allowed to open a savings account at 13 with parent signing

 

[Haad]

Depends on country. You're allowed to open a savings account at 13 with parent signing

Alright, so If I do open an account, how much money would you think in a span of 3 years would I get back?

 

[Louwtjie]

Alright, so If I do open an account, how much money would you think in a span of 3 years would I get back?

How would I know. Go to your bank

 

[Turtle]

put it in a savings account with high interest

 

[E_Hos]

Open a saving or investment account. Don't be dumb and spend it all.

I learned from a young age to put 25% of all my earning away in a fixed 32days notice account with 8.64% intrest.

I've done this since I was 15 and bought my first car last year. I'm also working full time now and is soon buying my first apartment with no loan

Be smart
Save
Invest

Who gives more than 8% for the notice account?
Because I'm interested lol

 

[ImDave]

So, basically I've started earning quite a bit for a 15 year old, around 4-5 bucks a day from this website by completing surveys and being a kid with no allowance, I'm trying to save up for some shoes. So, I'm wondering with the money I've saved up ($60 in 15 days) how to do I somehow double that?

pls no trolls.

Could I ask what website?, I’m broke too

 

[Haad]

Could I ask what website?, I’m broke too

pm me