1. Post #1
    Financial Expert
    Matix's Avatar
    July 2008
    2,144 Posts
    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.
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  2. Post #2
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    stop saving? that's the worst money advice I've ever heard
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  3. Post #3
    Financial Expert
    Matix's Avatar
    July 2008
    2,144 Posts
    There's no way you read anything I wrote that quickly.

    Edited:

    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.
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  4. Post #4
    Boomersocks's Avatar
    January 2009
    923 Posts
    This hardly makes any sense at all. So what you're saying is consume consume consume?
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  5. Post #5
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    $500-$1,500 for your first set of books for college
    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 few things will be different but for the most part the book has the exact same content.
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  6. Post #6
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    There's no way you read anything I wrote that quickly.
    I read it all. it doesn't take that long to read 400 words.
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  7. Post #7
    Gold Member
    MrEndangered's Avatar
    October 2006
    4,731 Posts
    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.
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  8. Post #8
    I ROLL THE NICKELS
    CodeMonkey3's Avatar
    October 2008
    17,952 Posts
    stop saving? that's the worst money advice I've ever heard
    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.
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  9. Post #9
    own-fucking-zone
    Within's Avatar
    April 2009
    4,016 Posts
    It's true. It's much more efficient to spend money correctly than saving whatever and being a big spender occasionally.
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  10. Post #10
    Gold Member
    cheesedelux's Avatar
    February 2007
    7,656 Posts
    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.
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  11. Post #11
    Financial Expert
    Matix's Avatar
    July 2008
    2,144 Posts
    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 few things will be different but for the most part the book has the exact same content.
    Pretend books are free, then. It doesn't affect my point at all.

    Edited:

    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.
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  12. Post #12
    oh shit, it really says i payed 10.00. Im so fucked. im crying. we are gonna be poor.
    DogGunn's Avatar
    April 2005
    9,595 Posts
    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.
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  13. Post #13
    Gold Member

    October 2008
    3,838 Posts
    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 few things will be different but for the most part the book has the exact same content.
    Or study something that doesn't require books at all (or only a few), like Computer Science.

  14. Post #14
    Destroyertf's Avatar
    May 2009
    802 Posts
    So the OP is basically saying: "Keep the money for yourself and make your parents pay for what you need."
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  15. Post #15
    Clever_Balls's Avatar
    May 2010
    216 Posts
    Sounds a bit emo.
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  16. Post #16
    Gold Member
    wuzzimu's Avatar
    June 2006
    1,364 Posts
    I see no reason why you can't save as much as possible while still paying your own expenses.
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  17. Post #17
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    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.
    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."

    Edited:

    Pretend books are free, then. It doesn't affect my point at all.
    yes I'm pretending that books are free

    is your $500-$1,500 for books per semester?
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  18. Post #18
    oh shit, it really says i payed 10.00. Im so fucked. im crying. we are gonna be poor.
    DogGunn's Avatar
    April 2005
    9,595 Posts
    So the OP is basically saying: "Keep the money for yourself and make your parents pay for what you need."
    Nope, saying the complete opposite.
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  19. Post #19
    Financial Expert
    Matix's Avatar
    July 2008
    2,144 Posts
    People seem to think I'm saying saving is bad. I'm saying saving your own paychecks during high school is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
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  20. Post #20
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    People seem to think I'm saying saving is bad. I'm saying saving your own paychecks during high school is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
    what kind of logic is that? saving money is never bad.
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  21. Post #21
    Gold Member
    fishyfish777's Avatar
    November 2007
    6,079 Posts
    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)
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  22. Post #22
    oh shit, it really says i payed 10.00. Im so fucked. im crying. we are gonna be poor.
    DogGunn's Avatar
    April 2005
    9,595 Posts
    People seem to think I'm saying saving is bad. I'm saying saving your own paychecks during high school is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
    You spend what you need to and save. What are you seriously trying to suggest? Because currently the OP is complete babble,

  23. Post #23
    Blue Member?
    Ermac20's Avatar
    October 2010
    7,604 Posts
    heres a good saving tip dont go to college
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  24. Post #24
    Gold Member
    MrEndangered's Avatar
    October 2006
    4,731 Posts
    People seem to think I'm saying saving is bad. I'm saying saving your own paychecks during high school is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
    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.
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  25. Post #25
    ♩♪♫♬
    Rooster Assassin's Avatar
    March 2009
    2,453 Posts
    Save some, spend some
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  26. Post #26
    Gold Member
    sp00ks's Avatar
    January 2008
    12,053 Posts
    Saving is for poor people.
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  27. Post #27
    Proudly supporting the JIDF
    Dennab
    July 2010
    22,111 Posts
    The trick is to save money and spend it wisely. Not to spend wisely and not save at all.
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  28. Post #28
    Gold Member
    MrEndangered's Avatar
    October 2006
    4,731 Posts
    Saving is for poor people.
    Spending is for faggots.
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  29. Post #29
    Financial Expert
    Matix's Avatar
    July 2008
    2,144 Posts
    what kind of logic is that? saving money is never bad.
    If you're able to fully manage all of your personal expenses as a high school student, and I do mean all 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.
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  30. Post #30
    Peng Weed Erryday
    Doozle's Avatar
    August 2005
    5,110 Posts
    So instead of putting the 50 or so aside at the end of the month, just spunk it?

  31. Post #31
    A friend of mine started saving when he was 14 and had his first job, funny that he just brought a car, laptop and a new TV with that money a few weeks back

    OP is just trying to group those who have spending problems with everyone else who can actually save money.
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  32. Post #32
    Proudly supporting the JIDF
    Dennab
    July 2010
    22,111 Posts
    Saving is for poor people.
    Spending frivolously is for snobby bastards who get their money off their parents.
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  33. Post #33
    Sykez's Avatar
    June 2010
    527 Posts
    You do realize the money is going to have to go somewhere.
    Might as well save up money for emergencies like that.
    It's good that you save up money.
    Let's you practice good money usage, and control your urge to buying new things whenever you want.
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  34. Post #34
    Please waste more of your money changing this title again.
    Gmod4ever's Avatar
    August 2005
    6,740 Posts
    Or you can just be a frugal fuck. That seems to work well.

    Don't spend money on miscellaneous things (or be incredibly moderate with it) and save the excess. Put it in an account where it accrues interest.

    Yeah the money you say may not amount to much, but it's still more than $0. I honestly can't see how anyone would consider saving money at any point in your career to be fruitless. I mean, you can only do two things with money: use it or save it. If you're saying not to spend all that money you make throughout your high school career, are you suggesting we should go and spend it all?

    I'm not really sure where you're coming from.
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  35. Post #35
    Xolo's Avatar
    October 2010
    2,110 Posts
    A warning to Matix: stop making threads
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  36. Post #36
    :-)
    Phycosymo's Avatar
    December 2007
    4,198 Posts
    what kind of logic is that? saving money is never bad.
    unless if ur savin money 4 killin jews!!!!!!!!!

    But really this is some stupid advice. I haven't even heard from anyone that they want to save up to live out on their own for high school.
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  37. Post #37
    Xolo's Avatar
    October 2010
    2,110 Posts
    Haha, are you really saying $24,000 right out of high school isn't helpful just 'cause it's spent up quickly? You could pay for a year of college. That's huge.

  38. Post #38
    Gold Member
    Matrix374's Avatar
    May 2010
    9,408 Posts
    whats the difference between college and university

  39. Post #39
    Gold Member
    JDK721's Avatar
    July 2006
    7,982 Posts
    If you're able to fully manage all of your personal expenses as a high school student, and I do mean all 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.
    I don't see anything wrong with parents covering most of the bills if you're still young. if you're still living with them like at 25 years old then yeah you should contribute much more, but if you're 16 and in high school then I don't see the issue

    the kid should be expected to pay car insurance, pay for some or all of the car, gas, etc. and do chores around the house, but expecting them to pay several hundreds of dollars of bills every month seems a little ridiculous.
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  40. Post #40
    Gold Member
    Sector 7's Avatar
    May 2005
    3,152 Posts
    People seem to think I'm saying saving is bad. I'm saying saving your own paychecks during high school is fruitless. Anything else is not part of my argument, and I explicitly stated the contrary in the OP.
    I really don't see how having $5000 on hand is fruitless.

    So far your reasoning has been "You're going to be poor during college, so why bother saving money at all," which of course if pretty fuckin' daft.
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