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There are two types of people in this world; those that understand compound interest and those who are destined to pay it - Einstein.

AppleMatt
 
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.

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. :(

To put it in perspective I used to get £30 a month when I was 15 or 16 as pocket money from my parents and a new computer every 3 years.

Now I work full time and I don't even really spend that much on frivolous things a month (except for social activities). You have to realise that quite a large proportion of adults don't buy that much stuff for themselves. My rent takes up quite a large chunk of my earnings (and yes I do still live with my parents, but you should still pay your parents rent and a reasonable rate too).
 
I do not believe this has been added yet but kid if you do not change your ways on how you are with money in 6-7 years you will be SCREWED. In 6-7 years you should be out of college and on your own. Guess what you will not be able to afford the life style you are used to. I am still adjusting to being on my own and not having my parents be where my money comes from.

Now my job has a salary that is well above the national average in income. Chances are out of college you will be making a lot less than I am. Reason I am telling you this is I still tried to live the life style I had growing up and let me tell you I had to scale back quickly. I have to think if something is worth it and really try to reduce my expenses.


My parents help me out by putting me on a monthly budget and I had to manage everything off of it but now I am more on my own. I have a friend who was a lot like you and not he is struggling to get him self out of debt. He got out of school debt free parents paid for everything. now on his own he is over extended in credit card debt and trying to get out of it. Did not relieze he could not afford the life style he was used 2. Oh yeah and he makes more money than me.
 
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