sense most online business are having black friday is it worth buying something or should i pass and try to save my money. im a teen i have around 200$ but i would like to limit myself to 100$ or less. im probably posting this in the wrong place but im not sure, i just want to make a smart choice when it comes to money.
also i will not be investing in stocks or crypto so please dont suggest it.
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I wish I was a teen with $200 to burn again.
I have no idea what you should buy in particular but just have fun, you won’t be a kid for long.
Unless you have something specific you want, I’d advise not to spend money just for the sake of it, even for perceived savings from deals. That’s part of the trick with Black Friday deals - marking things down to get people to buy things they wouldn’t even think to get in the first place.
Some wisdom I remember reading a while ago: if you’re looking at something that is 75% off, just remember you can save 100% by not buying it.
Buy a copy of Minecraft, best purchase I ever made
100 isn’t enough to really be worth anything too serious. The smart thing to do is either save it for something bigger or just have fun with it. Best way I spent 100 as a kid was on pizza and shit for me and my friends. A Minecraft server and some pizza is like 30 bucks, provides hours of fun
oh I might be able to help you… with a song about thrift! when you get a penny from a chum, don’t just spend it on bubblegum. Put in your cap, put it in your cap
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If you live somewhere wet, get a good quality waterproof coat. Like actually waterproof, not these fashion coats that really aren’t. £100-200/but it’ll last you at least 10 years. Assuming you’re at the end of teenagerhood where you’ve finished growing.
Otherwise I’d save to get a hifi system of decent quality. Something like wharfedale diamond 9.1 speakers and a second hand NAD amp, 3.5mm to RCA cable. Would set you up for a long time of musical enjoyment.
Fireworks
Give us a list of a few things you feel you might need OP.
You’re wise not to mess with stocks or crypto, but as soon as you have the income to contribute, consider a Roth IRA, starting as young as you can really pays out later.
Invest in yourself. You may be able to follow an online course in your interest that your school doesn’t offer. Like water color or audio mixing, guitar, video editing, coding etc.
A great rule of thumb I have adopted as an adult to save money, is anytime I wanna impulse buy something I write it it down.
Then I come back to it 2 weeks later and if I still really want it then, I buy it.
But so often after 2 weeks the novelty has warn off and I look at the list and go “ehhh, meh, nevermind I dont want it that bad actually”
Neither. Save your money.
As a counterargument: spend your money. 200 dollars means a lot more to a teenager than a college student (with an on-campus part time job), then when you find yourself at your first full time job you may sometimes be spending 200 dollars like pocket change.
As a result, you will most likely cherish what you buy now for 200 USD way more than what you can buy down the line. That console you need to save up 6 months for right now? It becomes a lot less sentimental when you can afford it every other month. So spend your money on something that you’d like right now. 200 dollars won’t change your life in college much, but it can change your life significantly right now.
It won’t change your life, but the mentality of not spending just because you can will
I’m not advocating that teenagers should save no money. I’m just saying you don’t have to save “all” of it.
Good financial planning isn’t just not spending every cent when you can, it’s also figuring out how to get the most out of your money. There is plenty of expensive stuff that I’ve spent thousands of hours with, which makes them totally worth the investment. There’s no way a teenager would be able to figure that out without some trial and error.
I’d say it’s better to get that out of the way now than later. If you make a bad purchase decision as a teenager, at most you’re short 200 dollars. Maybe that startup idea isn’t exactly what you imagined it to be, but at least you figured that out now than after sinking 20k into MLMs.
Don’t spend your money because it’s a " good deal". In theory your guardian(s) are covering the expenses the rest of as as adults just accept. Therefore take advantage and spend your money on what brings you joy.
Great advice. This way they’ll never learn how to handle money!
It’s $100. In 2023 that does not even cover groceries for a middle class household of four for a week.
If you want to advocate absolute austerity to someone who has no expenses yet - go for it. Me? The world is shitty enough as is - of something’s going to make you happy, and you have no other expenses, go for it.
Agreed.
Good shoes are priceless as a teenager. As an adult shoes don’t seem to be half the problem they were as a teenager.
For example, applying for jobs is insane as a teenager because a lot of people are extremely judgy on mere whiffs of superficial appearances. Not cool enough, or too cool can sway some HR people. Don’t expect to be vetted by rocket scientists!
Argh! Nightmare memories. I tried to pull off some casual looks that backfired horribly with various employers and interviewers.
If you already have a hobby, invest in that. Otherwise try something new.
Or don’t participate in Black Friday and save it.
My best black Friday was spent with a good friend going around the city, getting some food and something momentous and something for my hobby.
I still have the blanket which reminds me of the day.
As others have already said, chances are there’s nothing you genuinely “need” for BF if you are asking here. However, that doesn’t mean a nice experience is impossible.
