this post was submitted on 04 Nov 2023
51 points (84.9% liked)
Asklemmy
43966 readers
1304 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not advocating that teenagers should save no money. I'm just saying you don't have to save "all" of it.
Good financial planning isn't just not spending every cent when you can, it's also figuring out how to get the most out of your money. There is plenty of expensive stuff that I've spent thousands of hours with, which makes them totally worth the investment. There's no way a teenager would be able to figure that out without some trial and error.
I'd say it's better to get that out of the way now than later. If you make a bad purchase decision as a teenager, at most you're short 200 dollars. Maybe that startup idea isn't exactly what you imagined it to be, but at least you figured that out now than after sinking 20k into MLMs.