More money than I've ever had at once?

Question

I have been saving my money from a part time job that I have really grown to like and I'm amazed at how fast it has accumulated. Hardly a lot of money by some people's standards but for me $1500.00 is more money than I have ever had at one time.

Here's my question............ I seem to have everything I need and all my bills are paid at school, what should I do? Continue saving? Buy something really nice for myself? I have even been picking up the lunch tab for my roommate that I consider a good friend but I noticed he has started to expect it and hardly say's thank you any more.

I know this is a good problem to have, it just seems weird because my entire life growing up my mom and II were very poor and hardly had the basics. Please share your thoughts with me......

Ricky · Accepted Answer

save, save, save! The reason you're in this position to start with is because you saved your money. Isn't that a great place to be. It's hard for most people to save money, the temptation to spend it is too great. Just remember once you spend it it's gone for ever. Sure you can earn more but you very rarely get your money back once it's been spent. My dad always says CASH IS KING............ Not sure what that really means but I like the way it sounds.

Anonymous · Answer

Is there anything you want? New phone, laptop, maybe a car? If there isn't I suggest you keep saving, till you want something. I don't see the problem here. You have some money and you don't really need them right now. In that case just be glad you have some savings and don't spend them for stuff you don't really need, cause it's nice to have some money, you know, just in case.

Bobbin · Answer

@Ricky is right, keep saving. Better, invest it. Stocks go up and down dramatically, but in the long run, investing in a variety of stocks pays better than anything. I got in late, but after 15 years, which is typical, my annual return is about $10,000. You can never have too big of a nest egg. Not worrying about emergencies is priceless.

JT · Answer

Save it. You never know what your situation might be in the future.

Gabriel · Answer

Saving it for a rainy day is wise.

If you want, though, you could invest it. It can be high risk, high reward or low risk, low reward.

More money than I've ever had at once?

Related Questions

Trending Questions