Often times the hard question is not asked on big purchases.
Not all investments pay off. What are the signs of a good investment. It can be a great product or service, but if you can't make a profit, don't make the investment.
Your money can grow on its own, if you plant it right. There are great budgeting tools to help you put your money in the right place.
Is there one for you...
Who works at a bank, what do they do and is it a job for you.
Is there a career inside of banking that is of interest to you. What could it be and what kind of training is required.
Do you have an entrepreneurial spirit. Most businesses fail in the first few years. Get some bankers advice on the keys to success. https://www.youtube.com/watch?v=vn-_ULK06XI&feature=youtu.be
Cars can be a tricky purchase and can set you back for years if you don't pay attention!
This assignment is a little more challenging but shouldn't we determine if you like numbers.
We both put time and effort into completing this unit. Did our investment pay off? ...Where have we grown.
If you don't have the money, you shouldn't buy it.
Start by either writing down all your expenses or figure out how much money is coming in every month. Then calculate what changes you may need to make so they can become the same number. This is the easiest way to make a budget and will help decide what you can afford.
This is a great tool to have and use even as a high school student. Even though most high school students don't have much money, they are free of debt. However, many college students do have a lot of debt. You might want to become familiar with this tool. It might give you freedom to do what you want to do. Two things to always keep in mind:
How much is coming in and how much is going out.
Do you want to run your own business someday, here is some great advice from banking experts Angie and Ryan Ward. Most business fail, but this piece of advice may help you achieve your dreams.