Smarts way to save/use your money?

I'm a 19 year old (community) college student and within the past year, largely due to having a job, I've got a decent amount of money saved up.

What do you guys from your experience is the best advice to spend/save money?

Save it until you see something you think would be the most beneficial to you in the future..

Save it until you see something you think would be the most beneficial to you in the future..

Xx_Hopeless_xX

I try to double money by investing in forex and stocks, don't try without learning first.

I try to double money by investing in forex and stocks, don't try without learning first.

Blubadox

[QUOTE="Blubadox"]

I try to double money by investing in forex and stocks, don't try without learning first.

galbi_tang

Stock trading requires market analysis, you have to keep reading everything that happens in the financial world - you need to keep an eye on Nasdaq and DowJones. I recommend ForEx trading for beginners after some training because here you can invest 100-200 bucks just to experiment, the big advantage here is that you can become overnight rich so it's all about self-restraint and real-time cleverness - like playing a strategy game. The Dollar-Euro currencies are highly fluctuating, so you can make some quick bucks (or lose some).

Don't forget taxes on capital gains.

I would just recommend cooking more food at home (there are a lot of simple great tasting foods you can make). And since it's all at home, you can experiment, which is fun to do with pastas, enchiladas, etc..

I would also be careful with the credit card spending. You don't want to overuse that.

i've saved a ton of money by taking lunch from home to work instead of buying food from a resturant. also those 12 packs of soda are savers too

honestly man, the best thing for a late-teen/early 20's person is to just live a life of "poverty".

I have a degree that (according to everyone lol) warrants 40k a year starting, but I make about 17k a year, love my job, and I barely get by. But I am incredibly happy.

Money is good and all, but personally I feel at a young age you need to experience life just barely over the poverty limit lol.

It teaches moderation, and more importantly an appreciation for money.

Well the smartest way to save your money is to buy only the necessities.

honestly man, the best thing for a late-teen/early 20's person is to just live a life of "poverty".

I have a degree that (according to everyone lol) warrants 40k a year starting, but I make about 17k a year, love my job, and I barely get by. But I am incredibly happy.

Money is good and all, but personally I feel at a young age you need to experience life just barely over the poverty limit lol.

It teaches moderation, and more importantly an appreciation for money.

mrbojangles25

honestly man, the best thing for a late-teen/early 20's person is to just live a life of "poverty".

I have a degree that (according to everyone lol) warrants 40k a year starting, but I make about 17k a year, love my job, and I barely get by. But I am incredibly happy.

Money is good and all, but personally I feel at a young age you need to experience life just barely over the poverty limit lol.

It teaches moderation, and more importantly an appreciation for money.

mrbojangles25

I would spend it on a vacation.

You are young once. It is time to see the world

Best way to save money getting the most use out of your money.

[QUOTE="mrbojangles25"]

honestly man, the best thing for a late-teen/early 20's person is to just live a life of "poverty".

I have a degree that (according to everyone lol) warrants 40k a year starting, but I make about 17k a year, love my job, and I barely get by. But I am incredibly happy.

Money is good and all, but personally I feel at a young age you need to experience life just barely over the poverty limit lol.

It teaches moderation, and more importantly an appreciation for money.

galbi_tang

my job doesnt require a degree, I took it simply because it was what I wanted to do, and it is fun. I work as a brewmaster. Brewmasters generally make decent money, but I only get paid 10 bucks an hour because the place I work at is really, really small. I did it for the love of the art and science of brewing.

In a year or two, when I get enough experience, I plan on going to beer school and then either opening my own place or working as a head brewmaster at a big brewery.

I save my money for 29 days and then i use it all on bills. Seems to work for me and since its a never ending repeating process its hard to get confused and whatnot.

[QUOTE="mrbojangles25"]

honestly man, the best thing for a late-teen/early 20's person is to just live a life of "poverty".

I have a degree that (according to everyone lol) warrants 40k a year starting, but I make about 17k a year, love my job, and I barely get by. But I am incredibly happy.

Money is good and all, but personally I feel at a young age you need to experience life just barely over the poverty limit lol.

It teaches moderation, and more importantly an appreciation for money.

UbiquitousAeon

Cover your bills, use a bit for yourself, and save the rest. For me I end up saving 40% of the money i earn per month. After a while you save up quite a lot of money. After I did, I went on a vacation, quite good. :)

Depends upon the amount.

You could consider:

1. CDs.

2. Money Market account.

3. Tax-free Municipal Bonds.

I'm doing the latter two right now.