• A warning to high school students: Stop "saving"
    246 replies, posted
I'll admit that a lot of what has been said here has changed my mind a bit, so thanks to those of you who gave reasonable counter-arguments. Even if my point was properly interpreted, I still see now that it was wrong. What I should have posted about was taking financial responsibility for yourself at an early age; working on honing your personal economic skills, and learning how to spend, save, invest, and survive at a manageable rate. Instead, I basically made a poorly written contradiction to these beliefs, and it has been received as such. The OP did not at all represent my current motivations.
stop saving? that's the worst money advice I've ever heard
There's no way you read anything I wrote that quickly. [editline]asd[/editline] That was rude, I apologize. You just unfairly encapsulated my statements into a single point that isn't accurate in its own standing, so I assumed you had not actually taken the time to read my closing points. Saving is good, but only when you have taken care of your financial responsibilities first and foremost. That's why I kept referring to "the entirety" of your paychecks. There's nothing wrong with saving what you can once you're able to maintain all of your expenditures.
This hardly makes any sense at all. So what you're saying is consume consume consume?
[QUOTE=Matix;29128391]$500-$1,500 for your first set of books for college[/QUOTE] who actually pays that much for college books? besides the people who don't research at all and go to the school bookstore and pay a ridiculous price. buy your books used online and also see if the teacher will let you buy the previous edition of the book. publishers will come out with a "new" book every few years to make more money. the cover of the book is different and maybe a [I]few[/I] things will be different but for the most part the book has the exact same content.
[QUOTE=Matix;29128430]There's no way you read anything I wrote that quickly.[/QUOTE] I read it all. it doesn't take that long to read 400 words.
I'm sorry, but coming from a background where I've had no money to save at that age, having a 'measly' 3000-4000k to hand whenever you need it is a damn sight better.
[QUOTE=JDK721;29128412]stop saving? that's the worst money advice I've ever heard[/QUOTE] That's not what he said at all. He just outlined how fruitless it is for High Schoolers to save all their money with the dream of being able to live on their own out of High School.
It's true. It's much more efficient to spend money correctly than saving whatever and being a big spender occasionally.
When I save my money at this point it's for something expensive I want some time soon. I saved for a year and a half for my current computer for example. I don't see why anybody would be saving for their retirement or something stupid at that age.
[QUOTE=JDK721;29128463]who actually pays that much for college books? besides the people who don't research at all and go to the school bookstore and pay a ridiculous price. buy your books used online and also see if the teacher will let you buy the previous edition of the book. publishers will come out with a "new" book every few years to make more money. the cover of the book is different and maybe a [I]few[/I] things will be different but for the most part the book has the exact same content.[/QUOTE] Pretend books are free, then. It doesn't affect my point at all. [editline]asd[/editline] Clearly I've been misinterpreted. I'm not implying that you're saying books are free. I'm saying, while we're at it calculating books at a much cheaper cost, let's just take the extra step and discount the cost of books all together. It doesn't have a significant impact on the conclusion.
That's the most ridiculous advice I've read in a long time. Why the fuck would any of those expenses differ if you had been spending your money? Invest your money, don't save it, like an idiot.
[QUOTE=JDK721;29128463]who actually pays that much for college books? besides the people who don't research at all and go to the school bookstore and pay a ridiculous price. buy your books used online and also see if the teacher will let you buy the previous edition of the book. publishers will come out with a "new" book every few years to make more money. the cover of the book is different and maybe a [I]few[/I] things will be different but for the most part the book has the exact same content.[/QUOTE] Or study something that doesn't require books at all (or only a few), like Computer Science.
So the OP is basically saying: "Keep the money for yourself and make your parents pay for what you need."
Sounds a bit emo.
I see no reason why you can't save as much as possible while still paying your own expenses.
[QUOTE=CodeMonkey3;29128482]That's not what he said at all. He just outlined how fruitless it is for High Schoolers to save all their money with the dream of being able to live on their own out of High School.[/QUOTE] yes, he did say to "stop saving" and instead start "practicing" spending money. why can't you SAVE your money and still make smart choices when you do have to spend money? there's no reason to "stop saving." [editline]12th April 2011[/editline] [QUOTE=Matix;29128495]Pretend books are free, then. It doesn't affect my point at all.[/QUOTE] yes I'm pretending that books are free :downs: is your $500-$1,500 for books per semester?
[QUOTE=Destroyertf;29128504]So the OP is basically saying: "Keep the money for yourself and make your parents pay for what you need."[/QUOTE] Nope, saying the complete opposite.
People seem to think I'm saying saving is bad. I'm saying saving [b]your own paychecks[/b] during [b]high school[/b] is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
[QUOTE=Matix;29128570]People seem to think I'm saying saving is bad. I'm saying saving [b]your own paychecks[/b] during [b]high school[/b] is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.[/QUOTE] what kind of logic is that? saving money is never bad.
Hm, I spent most of high school at various jobs and selling cars and I'm pretty glad I saved because every penny saved is that much less debt (and interest)
[QUOTE=Matix;29128570]People seem to think I'm saying saving is bad. I'm saying saving [b]your own paychecks[/b] during [b]high school[/b] is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.[/QUOTE] You spend what you need to and save. What are you seriously trying to suggest? Because currently the OP is complete babble,
heres a good saving tip dont go to college
[QUOTE=Matix;29128570]People seem to think I'm saying saving is bad. I'm saying saving [b]your own paychecks[/b] during [b]high school[/b] is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.[/QUOTE] It's not fruitless. Having a small savings book of money gives you something physical to count from. Once you have a small 'fortune', you care about it. Caring about your money leads to conservative spending, and making choices, preparing you for adult life. Sure, it doesn't mean anything once you leave high school, but knowing you can achieve something (i.e, saving) is a real booster to your confidence.
Save some, spend some :eng101:
Saving is for poor people.
The trick is to save money and spend it wisely. Not to spend wisely and not save at all.
[QUOTE=sp00ks;29128634]Saving is for poor people.[/QUOTE] Spending is for faggots.
[QUOTE=JDK721;29128589]what kind of logic is that? saving money is never bad.[/QUOTE] If you're able to fully manage all of your personal expenses as a high school student, and I do mean [b]all[/b] of them, then there's nothing wrong with saving the excess. But preferring that your parents handle the dirty work while you "save" is a bad idea.
So instead of putting the £50 or so aside at the end of the month, just spunk it?
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