Money Real World
Hoya! I just got paid my first cash check of 25 dollars and I'm trying to get to 100 I have 30 dollars right now! How such do I need if I want to buy a 75 dollar gift card and a 9 dollar makup it?
You're welcome! That sounds like a great plan. I'm glad I could help. Feel free to come back and update me on your progress. Best of luck in reaching your savings goals! Remember to stay consistent and disciplined in your saving habits. You've got this! 😊👍
To calculate how much more money you need to reach 100 dollars, you need to add the cost of the gift card ($75) and the makeup ($9), and then subtract it from your desired amount of 100 dollars.
75 + 9 = 84
100 - 84 = 16
Therefore, you would need $16 more to reach your goal of $100 in order to buy the gift card and makeup.
Okay!
I have 30 dollars right now if i get 25 dollars each week (Friday) how much would I need now?
(don't count this week)
If you already have $30 and you will be receiving $25 each week on Fridays, we can calculate how much you would have after a certain number of weeks.
Let's say you want to find out how much money you would have after 4 weeks (not counting the current week):
$25/week x 4 weeks = $100
After 4 weeks, you would have $100.
Since you currently have $30, you would need an additional:
$100 - $30 = $70
You would need $70 more to reach your goal of $100.
I sweep floors and mop, is there anyway that you think my dad could give me more money?
maybe some extra work activities?
There are a few ways you could potentially earn some extra money through additional work activities. Here are a few suggestions:
1. Offer to take on additional cleaning tasks: Talk to your dad and offer to take on extra cleaning responsibilities or tasks, such as organizing and decluttering, deep cleaning certain areas, or tackling more intensive projects. You could negotiate an increase in your pay rate for these additional tasks.
2. Offer to help with other household chores: In addition to cleaning, offer to help with other household chores that your dad may need assistance with, such as doing laundry, washing dishes, or taking care of outdoor tasks like gardening or lawn maintenance. Your willingness to help with these tasks may make him more inclined to give you some extra money.
3. Babysitting or pet sitting: If you are responsible and good with children or pets, you could offer your services as a babysitter or pet sitter to friends, family, or neighbors. This could be an opportunity to earn extra money outside of your regular cleaning job.
4. Ask for a raise: If you have been doing a good job and consistently showing your commitment, it may be worth discussing the possibility of a pay raise with your dad. Explain your reasons and how you believe the increase in pay would be fair based on the work you are doing.
Remember to approach these discussions with respect and understanding, as your dad may have his own financial limitations or considerations. It's important to communicate your needs and desires, but also be open to compromise and negotiation.
Okay,
Sense I am only 12, do you think my dad would let me save up to 1,000 dollars?
Saving up to $1,000 dollars as a 12-year-old is a great goal! However, whether your dad allows you to save up that amount will depend on your family's financial situation and your dad's perspective on money management.
You can have a discussion with your dad and express your desire to save up to $1,000 dollars. Explain why it's important to you, such as saving for a specific purchase or building a financial foundation for the future. You can also discuss your plan for saving, such as dedicating a certain portion of the money you earn to savings each week or month.
Your dad may have other financial obligations or priorities that need to be considered, but it's worth having an open conversation with him to see if there is a way for you to work towards your savings goal together. He may recommend setting smaller milestone goals or suggest alternative ways to reach your target over time.
Remember, saving money is a valuable habit to develop at a young age, and it's wonderful that you have the initiative to do so. Your dad will likely appreciate your responsible attitude towards money and may be supportive of your goal, even if it may take some time to reach $1,000.
If I make 25 dollars each week, and I'm trying to make 1,000 how many weeks and moths do I have to work? (I have 30 dollars already)
To determine the number of weeks or months it would take to reach $1,000 from your current $30 while earning $25 per week, we can use simple calculations.
Total amount needed to reach $1,000 = $1,000
Amount already saved = $30
Amount you earn per week = $25
Amount left to save = $1,000 - $30 = $970
To calculate the number of weeks needed, divide the remaining amount by your weekly earnings:
Number of weeks needed = $970 / $25 = 38.8 weeks
Since you cannot have a fraction of a week, you'll need to round up to the nearest whole number. This means it would take approximately 39 weeks to save up $970.
To calculate the number of months needed, divide the number of weeks by the average number of weeks in a month (approximately 4.33 weeks):
Number of months needed = 39 weeks / 4.33 weeks per month ≈ 9 months
Therefore, it would take approximately 9 months to save up $970, assuming you consistently earn $25 per week.
If I have 1,000 what should I spend it on? Please give me some suggestions.
If you have $1,000 saved up and are considering how to spend it, here are some suggestions:
1. Invest in your education: Consider purchasing books or online courses that can enhance your skills or knowledge in a specific area of interest. Investing in your education can have long-term benefits.
2. Save for the future: Consider putting the money into a savings account or a long-term investment plan. This can help you build an emergency fund or save for larger financial goals in the future.
3. Purchase a valuable item: If there's a specific item you've been saving up for or that holds value for you, such as a musical instrument, a camera, or a hobby-related equipment, you can consider using the money towards that purchase.
4. Experiences and travel: Consider using the money for a meaningful experience or a trip. It could be a weekend getaway, attending a workshop or conference, or exploring a new place that interests you.
5. Give back to a cause: Consider donating a portion of your savings to a charity or organization that is meaningful to you. It can make a positive impact and help support a cause you believe in.
6. Start a small business: If you have an entrepreneurial spirit, consider using the money to invest in starting your own small business or funding a project you are passionate about.
Remember, ultimately it's your decision how to spend your savings. Consider your interests, priorities, and long-term goals when making a choice. It's important to strike a balance between enjoying the present and preparing for the future.
Should I spend my money on a video game or is that a bad investment?
Whether spending your money on a video game is a "good" or "bad" investment depends on your personal interests, priorities, and financial situation. Here are some factors to consider:
1. Entertainment Value: If you are passionate about gaming and enjoy playing video games, purchasing a video game can provide you with entertainment and enjoyment. Consider how much value you would derive from the game in terms of the hours of gameplay and enjoyment it may provide.
2. Budget and Financial Goals: Evaluate your financial situation and priorities. If you have already met your savings goals or have allocated a portion of your savings for leisure activities, spending money on a video game may fit within your budget. However, if you have other financial goals or responsibilities, it might be better to prioritize those before spending on entertainment.
3. Longevity: Consider the replay value and longevity of the video game. Will you likely play the game multiple times and get continued enjoyment out of it? Or is it a game that you may lose interest in quickly after completing it? Evaluating the game's longevity can help determine its overall value for your investment.
4. Alternative Options: Explore if there are more cost-effective alternatives, such as renting the game, buying it second-hand, or waiting for a sale. These options can help you save money while still enjoying the game.
Ultimately, whether spending money on a video game is a good investment depends on your individual circumstances and personal preferences. It's important to find a balance between enjoying leisure activities and managing your finances responsibly.
Thanks so much! I will come back to this post every week and tell you how much I have until I reach 100 or 125 dollars! ❤⭐😇👩🏾
Update Week 1
Just got my 25 dollars!