I just got my first job. How much (%) of each check should go in the bank and how much for spending money? For the spending money how much should be in cash and how much on my greendot card? I'm 17, please advise.
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NightTripper
ANSWERS: 2
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Read a book by Robert Kyosaki. I highly recommend this. It is a good thing that you are asking, but keep in mind that if you ask poor people your going to get poor advice, if you want to make millions, then ask a millionaire. His book that he writes for teens would be very good for you. I hope this helps.
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Well, i'm not quite sure what a greendot card is, but what i do is i put at the very least 10% in savings out of income. 15% goes to my church. and if i'm saving up to buy a car or something like that, i'll put 15% in a different thing other than savings. From what i've seen, it's also good to have atleast 3 months income saved up incase you lose your job, or need some kind of emergency money for medical bills, or something like that. Course, being 17, i'm sure that's not really that big of a deal at the moment. Just something to keep in mind for the future.
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