Learn about saving money over time by splitting the cost throughout the year.
Log in Nick a year agoPosted a year ago. Direct link to Nick's post “David, why do you respond...” David, why do you respond and help people answer their questions even though you don't work at Khan Academy. • (0 votes) David Alexander a year agoPosted a year ago. Direct link to David Alexander's post “I like to help people. I ...” I like to help people. I learned that from Mr. Rogers on TV. Do you find it problematic that I like to help people? (87 votes) Belle Mancillas a year agoPosted a year ago. Direct link to Belle Mancillas's post “how to you save money” how to you save money • (6 votes) David Alexander a year agoPosted a year ago. Direct link to David Alexander's post “You acquire money, and do...” You acquire money, and don't spend it. In that way, savings appear. But, it's not magic. It takes patience and some degree of self-denial. liv a year agoPosted a year ago. Direct link to liv's post “Forgive me if I'm wrong, ...” Forgive me if I'm wrong, but isn't 550/11 supposed to be $50 instead of $55? This is in the "Explain" section of "Set an amount and a time frame for your goal." • (10 votes) David Alexander a year agoPosted a year ago. Direct link to David Alexander's post “Yes. There is an error th...” Yes. There is an error there. Report this error to the Help center, which you'll find at the bottom of the page. (9 votes) Joy Choi 8 months agoPosted 8 months ago. Direct link to Joy Choi's post “I'm 9th grade in Korea.So...” I'm 9th grade in Korea.So I was born in 2008.Is there any work that I could in my country? Is it okay that I work some place? Cause my mom and dad just want me to study this age.So, I'm not sure that I can start working to make some money. And usually from what age they have their own money? In us?? And what age do they care about their money? • (4 votes) David Alexander 7 months agoPosted 7 months ago. Direct link to David Alexander's post “Joy, relax about money. I...” Joy, relax about money. In the long run, money will fail you. You are 15 years old, so learn what it means to be 15, then 16, 17 and 18. When it is time to move on from your parents' home, either to further education or to the world of work, make that transition gradually, holding onto the support your parents have given you to that point as you find new supportive environments of your own. I wish you the best as you learn and grow. (18 votes) Nara Carter 7 months agoPosted 7 months ago. Direct link to Nara Carter's post “Should I start saving at ...” Should I start saving at 13? And if so, how can I make money? I want a job but I don't know how to get one... • David Alexander 7 months agoPosted 7 months ago. Direct link to David Alexander's post “Before you start saving (...” Before you start saving (which is a good thing to do), it might be practical to ask "What am I saving FOR?" If you don't have an answer to that, then perhaps go to a second position: "What portion of whatever I receive do I save just for the principle of it?" A third, and very important question, might also be, "What percentage of what I receive am I sharing with others?" The idea of getting a job just to have one, or just to start getting some money, is a waste of your energy and abilities. Enjoy being 13. Enjoy friends. Enjoy learning. Imagine that somehow or other you received $20. What part of that would you share with someone needy (say, by giving it to the united way or some other charity)? What portion of it would you immediately spend on something fun? What portion of it would you put away for something big later on? By answering those three questions, you will have started a good habit. (8 votes) stpatrick749 8 months agoPosted 8 months ago. Direct link to stpatrick749's post “Jeez, between emergency f...” Jeez, between emergency funds, college funds, holiday funds, taxes, and everything else, how does anyone have any money for anything else? • (7 votes) David Alexander 8 months agoPosted 8 months ago. Direct link to David Alexander's post “Once the emergency fund i...” Once the emergency fund is up to where it needs to be, you don't have to add anything else. Holiday funds depend on whether you're planning to give stuff away: if you aren't, then no need to put anything in them. Taxes are like death, there's no way to avoid them, so you should plan for taxes just like you plan for your funeral expenses. Many people seem to have money for other things, because restaurants and casinos do good business. (7 votes) williams_m03 a year agoPosted a year ago. Direct link to williams_m03's post “What type of account shou...” What type of account should I put money in if I am trying to save for a planned expense? • (5 votes) David Alexander a year agoPosted a year ago. Direct link to David Alexander's post “First: Project the date u...” First: Project the date upon which you will need to withdraw the money. Long ago, many banks offered accounts known as Christmas Clubs. People wanting to have money to spend for Christmas gifts in December would start putting money into accounts week by week in January. The accounts were "locked"... The money in them could not be accessed until the next December (of course, in emergencies it could be gotten, but it was a lot of hassle to do so.) When the "time goal" (December) was reached, the money that had accumulated bit by bit for 11 months, plus the interest it had earned, was available to the depositor. It's possible that this kind of account is no longer available. That's why you should talk to your banker, to learn what IS available. (7 votes) TyDollaz 10 months agoPosted 10 months ago. Direct link to TyDollaz's post “how do you get a bank acc...” how do you get a bank account and how old do you need to be to open a account • (5 votes) 🥳 Arielle the amazing person 9 months agoPosted 9 months ago. Direct link to 🥳 Arielle the amazing person's post “It depends on the bank, a...” It depends on the bank, and there are different way to sign up for one. (2 votes) Ariel Arusy 7 months agoPosted 7 months ago. Direct link to Ariel Arusy's post “550/11 does not equal 55....” 550/11 does not equal 55. • (5 votes) mansoor.alhalmi 6 months agoPosted 6 months ago. Direct link to mansoor.alhalmi's post “how to you save money?” how to you save money? • (2 votes) David Alexander 6 months agoPosted 6 months ago. Direct link to David Alexander's post “That depends on what your...” That depends on what your expenses are. YOu posted elsewhere that you are in jail for 7 years, so for a while, at least, you won't have to spend anything on housing, clothing or food. Of course, you won't be earning anything, either. So saving will be hard. When, in 2030, you are released, focus on getting a job that pays enough so that you'll have a bit of money to spare each month, and don't spend it. Put it somewhere safe, like in a bank account that won't let go of it. (4 votes)Want to join the conversation?
Second: Determine whether you have a large chunk of that money now, or if you are planning to begin with a little, and add to it as time goes on.
Third: Talk to your banker.
550/11 = 50
