If yes, what should I divide it to in each? (E.g __% in investing, __% in interests, and __% in spending) I'm in NZ, dont limit it, just pick any company that is good for buying, and has records of skyrocketing. I'm not a finance pro so I trust you guys. Oh yeah, can you tell me how I tell my father?
My dad is thinking about giving me a 10 dollar weekly allowance. Should I think about investing or putting some in interests? And what company should I invest in?
byu/Mean_Information_804 inpersonalfinance
Posted by Mean_Information_804
2 Comments
$10/week is not an investably large enough amount of money. Put it in your metaphorical piggy bank and spend it on some nice meals out with your friends or a new phone or whatever it is teenagers buy these days. Once you have a “real job” with a “real income”, that’s when you start investing.
Investing $10 a week isn’t going to do much for you I’m afraid. Use the money to enjoy your youth.