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I can work at McDonalds. I have a debit card with my dad but it has my name, he just needed to cosign and I learned from my mistakes now and I don't want anyone to be like me, And no, I won't slap myself in the face thank you. :)



Actually $520/ But yeah, my aunts & uncles are..well..rich.

What do you Aunts and Uncles do for work?
 
I have to say you are a worse spender than me and I thought I was bad spender. At your age, you really don't need to spend all that money on gadgets! Save it towards a deposit for your house, car etc. You will be happy that you started saving early
 
You are pretty, pretty spoiled!

Do like my 15 year old daughter, she sticks everything in the bank and twists me around her little finger to buy her what she wants.

Save it. It looks like you get everything you need anyway.

Working that fryer and seeing what you bring home for that work will give you a different perception of reality very shortly my dear.:D
 
Working that fryer and seeing what you bring home for that work will give you a different perception of reality very shortly my dear.:D


I don't think it works that way anymore. Kids get jobs now a days for extra spending money. When they still live at home and have all the essentials provided for them, the cash they make from working just goes to buy the stuff mommy and daddy wont get for them.

My dad told me when he was growing up he had to pay his dues and everything once he got a job and thats when the realization set in of what real life is and hard labor.

Or maybe that's just me as I work and still have no clue what the value of a dollar is.
 
wow i am 15, and i am more then happy to get $150 for my b-day.

AND 10 PHONES!!!
i have had 2 phones in 3 years....
damn.
anyway, depends on if you want anything enough to spend some money, i would put half of it in the bank and have fun with the other half.:p
 
What I have learned is that in order to happily live with your parents you gotta talk to them. Whatever bothers you about them, tell them, that way you'll more likely to make good friends with them and they'll understand you more.

Man, I had a huge rant with my parents when I decided to drop out of college because my business is better than ever and I make about 10x what my parents make together, so this is proof, that parents don't always know what's good for you.

But since you're 15, then you should listen to what they tell you and yes, you are spoiled, 10 phones in 2 years. :eek:
 
maybe sell some of the old phones and ipods and take your parents to dinner or buy them something nice.
 
why do you need more stuff? I think thats plain spoiled, I use phones for 3 years at least, shoes for 2 years, daps for more. Sorry but I think you've got to shape up, there is absolutely no reason for this spending and it will cause you trouble in the future, you'll never be satisfied if you keep this up
 
you sorta sound like me only i never complained...
For birthday's etc and i got money and I gave it to my parents (dad) to invest in stocks etc. But while i wanted to spend that money on something, I would get "gifts" during the year from my parents instead of holidays and my birthday and graduations etc.
 
wow i am 15, and i am more then happy to get $150 for my b-day.

AND 10 PHONES!!!
i have had 2 phones in 3 years....
damn.
anyway, depends on if you want anything enough to spend some money, i would put half of it in the bank and have fun with the other half.:p

Ha! When I was 15 I didn't even have a cell phone -- you little brats
 
Chris,

Happy Birthday and congrats on the new job.

You're stressed out because you're a teenager, and being a teenager is stressful. I'm not going to get on your case about that, ok? But, I'd like to discuss some of the points you raised in your post.

I'm sure you know how fortunate you are that you and your family don't experience money troubles. That is a whole other kind of stress that I think would completely eclipse the "stresses" you're feeling now. But I really hope you never learn that first hand!

When I was your age (insert crochety old-lady voice here; btw, I'm closing in on my 30th birthday), honestly, these things weren't even an issue. Your generation is dealing with this techo-lust for the first time, and you've got to navigate your way through these waters. The way you're spending (or asking your folks to spend for you) is not realistic for someone with an average income. If you are going to be a serious high-earner as an adult, be my guest in buying ten cell phones in two years! But until that time, you might want to practice a little more restraint in your spending habits. You'll be glad you did, in the future.

I had a really nice little nest-egg when I got out of college from saving up my money, and it helped me to get some of the things that actually become more important when you're an adult (car, utilities, housing, insurance, etc.). Right now, the only thing you as a 15 y/o have to spend money on are *luxury items.* This all changes when you're an adult.

I don't want you to turn out like one of those kids who goes to college and gets into monstrous amounts of debt because you take four credit card offers from the student center. Go into debt because you have student loans, if you have to, not because you buy things you don't need. And if you're going to continue to be blessed with inordinate sums of cash from your "rich" family, be grateful that you won't have to worry about your retirement or what might happen to you if you incur excessive medical bills.

Okay, I'm off to go lament my leaky roof and buy long-term care insurance. ;) Maybe not exactly, but you get my drift?

Be well,
MM
 
I say save it.

And FWIW, having well-off parents who buy you nice stuff doesn't necessarily make you spoiled. Now, if you take these things for granted and grow up not understanding the value of a dollar, then you're spoiled. :p
 
What is it with kids on these forums having such money issues...?

Some people are spoiled and live above their means. I know life's hard, but we as humans all are in the same horrid struggle together. I suppose you just gotta deal.

...And stop buying so many damn cell phones (Newsflash: having new cell phones does not make high schoolers "cool" anymore. Maybe in 1998 but not 2008).
 
Hey I joined when I was 13! :cricket cricket:

Don't call him spoiled. You can be spoiled AND grateful. If I turned down everything from my parents they would become worried.

Invest in Toll Brothers.
 
I joined when I was 13 too, but I lost my username. I'm turning 15 tomorrow(March 26).

I went to the bank today, deposited all the money.

Then I went to get contact lenses(;D) and I still have most of the money left!
 
Why have you gotten 10 Cell phones starting at the age of like 12-13?

Anyway, put it in your local bank and see if you qualify for a CD.
 
Something is not kosher here.

Perhaps your parents are compensating for some perceived short-fall on their part??

Or, you are a whiney brat, which has been alluded to but not actually said in previous posts.

Whatever it is, you or them, this is not doing you any favours for your future life.

If this is unnecessarily harsh, my apologies.
 
If you were not spoilt you would not accept all that.

I could have bought that number of phones at that age however I didn't, I put all my money into an ibook and then a macbook for uni, machines that're vital to my school work.

Having a fancy phone does nothing for you in the long run, looking cool at school is meaningless, some say I were spoilt, I received about £100/month pocket money at your age plus I earnt about 40-60 on random small jobs.

There is absolutely *no* point in spending your parents hard earned cash on status symbols.
 
I'm around your age, and in your same boat. I have about 3 on & off jobs, and have at least a little income coming in every month, some more than others. I also want to buy many things - and very spoiled at that. I pay my iPhone bill, and besides that only a few other little bills. What works for me, is setting up a budget where a certain percentage of my monthly income goes through different filters and ends up in certain groups. I start off with saving 50% of it. the next 1/2 goes to pay the bills and debts I owe to my parents. Then if there is any left over, it goes into my spending money. I don't touch my savings, and the savings go into a money market fund and stock market.
 
I am 17.

I would like to say that pretty much all kids that I know have everything they want and need handed to them on a silver platter by their parents. I'm not going to lie my parents do the same. Around here you see parents buying their kids cars, sometimes nicer than their own. Everyone's parents pay their cell phone bills, buy their clothes, pay for their college education, and buy what ever their kids need.

My grandparents grew up in the depression. It seems like people of that era held onto everything they could and were very frugal. That may explain the tons and tons and tons of crap in my grandparents attic.

My parents growing up with my grandparents knew that they had to work hard to succeed and do better than their parents. Spoiling their children may subconsciously be filling the voids they had in their childhood.
 
I'm sorry that I'm venting here, I don't know if it's the right place, but whatever. So today was my early birthday party. I'm turning 15 on Wednesday. I'm starting to work next week at McDonalds(haha I know). I should bring me some money. Well today at my early Birthday party, I received $520. Yes, it might be a lot. I have to pay my iPhone bill tomorrow too so I received this just in time. Should I use this money to buy something I want or "save" it up like my parents want. I mean, they want me to be like what my older sister wasn't, and I don't wanna be like her too, but they don't let me spend that money on anything. Some people say I'm spoiled and I kinda think I am too but I appreciate what they give me and they think I don't. I've gotten around 10 brand new cell phones over the past 2 years and I recently got a MacBook and I've owned every iPod ever made after the Nano came out. And now the iPhone.

Go with this feeling. Embrace it.

chrismac00 said:
Should I expect all these problems in my life from now on? I feel pressured and stressed and I'm not even 15 yet. What should I do? I want to be a good person and set good examples and go far. I just don't know where to start?? Please help me out anyone, any advice would help. Please.

I don't know if you guys understand all what I just wrote, but right now, I'm just stressed, confused, angry, and a bunch more. :(

Dude, chill out. This is not stress. This is having some money and deciding what you're going to do with it. Your parents, of course, are right, that saving it is better than buying something that you want (what, exactly, is it that you want besides your iPhone and its ten other friends?). Saving early is good; learning how to save is excellent. It's a much better skill to learn than how to buy things, and a more difficult one to learn, too.

I understand how this is probably stressful for you--but it really isn't the crisis situation that your tone suggests. You're in a pretty fantastic position, all in all.
 
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