The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: maheesha on August 22, 2015, 11:28:05 PM

Title: Money saving advice
Post by: maheesha on August 22, 2015, 11:28:05 PM
I bought a phone for $1385 before even getting my first salary, I'm a teen as you all can probably tell, how do I get myself to save money instead of spend it?


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Title: Re: Money saving advice
Post by: taekvideo on August 22, 2015, 11:32:25 PM
I didn't think they made phones that expensive.. I heard some $500 something for iphones but wtf lol.

Get vanguard investment account opened. Retirement accounts if you can or just regular.
Use vanguard's automatic savings feature.
Calculate half of your take-home pay.
Set vanguard to invest that amount on each paycheck.
Never withdraw the investments until you're FIRE.
Profit.
Title: Re: Money saving advice
Post by: Kriegsspiel on August 22, 2015, 11:38:18 PM
Don't do that again.
Title: Re: Money saving advice
Post by: Kaikou on August 23, 2015, 02:07:03 AM
I bought a phone for $1385 before even getting my first salary, I'm a teen as you all can probably tell, how do I get myself to save money instead of spend it?


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typo?
Title: Re: Money saving advice
Post by: arebelspy on November 06, 2015, 02:22:18 PM
Don't do that again.

One of my favorite Kriegsspiel posts, and that's saying a lot.
Title: Re: Money saving advice
Post by: shotgunwilly on November 06, 2015, 02:30:51 PM
Does it have diamonds in it and 3D print things you take pictures of?