Spending money or saving money. Read below?
373263
Well, if you save for retirement, you should put your money in an IRA. This helps the economy, which is why you receive tax breaks for doing so. The money you put in the IRA gains interest for yourself, which is good, and can be used in the interim by banks to loan out to consumers, in which the banks make money by charging the interest back to the consumer who initiated the loan. If you are saving money by putting it into any type of bank account, whether it be a CD, saving account, whatever... you are helping the economy. Likewise, if you don't save and just spend, you are helping the economy. If you save your money in a mayo jar and bury it in the backyard, you are not helping the economy, or yourself.
320501
SPEND!!!!! an ipod is the best investment u can get...trust me u wont regreat it....and besides money is everywhere......we can never run outa money....but how long will somthing as great as ipods be around?? so i say spend!!! its not like ull never ever get money again....
104033
Not only does it depend on the rate of interest offered, it depends upon your personal rate of time preference. The other answers ... spend it now, you don't know the future, are essentially correct. If, in real terms, $1000 of spending today provides more "utility" than $1200 a year from now, take the money now.
850782
get a good job or save up for it!
1077571
It is dangerous to live paycheck to paycheck.\nHave you ever found yourself in a financial emergency and had to ask someone to boworrow some money. Doesn't that look and feel sooooooo bad?\nWell, I have found that by tracking the money I spent in one month, I was able to cut back on so much junk that I didn't notice I was spending money on, BUT I did  notice the money when it was being saved in my savings account. Its irresponsible to not save.\nI save 20% of my income everymonth and I split that between two savings accounts, One for long term goals and The other for short term goals.\nLong tern being my home. Short term being anything that might come up that I want to spend on.
1040305
pay yourself first. decide how much you want to save and pay youself in savings first then pay your bills and have whatever is left over to spend.
395710
The key is to spend reasonably after you've set aside your savings.
167568
honestly i would put it in a saving account preferable one with at least decent interest but all other options have certain holding times and certain rules and stuff. a savings account is the simplist. but props to you for saving your money you wont regret and you will need when you graduate or need a car i am 21 and i wish i had saved money when i was your age. congratulations on being so smart. you wont regret saving your money
195286
My personal opinion here would differ slightly form your question, but I think would help in your decision.. Unsure of your actual financial situation I cannot give sound advise, but in my life my decision would go as this. I would have at least 2 accounts, but 3 may be the other optional route. Your 1st and main account would be a household account in which you both deposit your portions of income into which is then utilized specifically for all household and 'joint' related activities, etc.. You could then setup auto pays and deposits into this account. The savings account with this bank could be used for vacation savings. Then additional acount(s) would be more personal accounts. These would be used for really anything you deem it useful for. I would hope you are not trying to hide money, but simply it would be a nice palce to store some money to pay for your own past personal credit card debts, etc.. As well as keep a small portion of savings for possible personal investments. That or you simply divide it up form the main account and these are your 'leisure or fun' accounts for personal items. Therefore you will never spend your household money except on what it needs to be as well as you can both control what needs to be controlled by both.
802409
Yes dear.  You spent the money.  If you objected to the increase you should have called and had them lower it or not spend the money.
87301
well it depends on how much money you could really spend but there are two sites that can help you.\n\nhope it helps! it's in the sources section
1051842
First, when I compare my expenditures to those of my friends, the obvious savings is the fact I do not own a vehicle.  Even with monthly bus passes and the occasional taxi, I spend hundreds less monthly.  Second, I look over my budget almost weekly to see how things might work better.  Once, I worked in a set amount of retirement/savings into my budget so it became a "necessity" like any other bill.  Suddenly, my cable and cell phone stood out as nice-to-haves, not need-to-haves, so I cut them out entirely.  Third, though I'm always on top of my bills, I started using auto-pay functions to ensure I would never get behind.  Fourth, I started eating in and brown-bagging far more, which decimated the amount I was spending eating out.  My next step is to have my bank automatically send money monthly to my investor, like a bill, so it gets done despite how busy I get.
122866
Is this really 2 questions? And is the second one an imperative question? Do you you NEED saving?
587123
I have been saving money for years, and i think the key to saving money is to question yourself if you really need this or not.  For Example: You see a Plasma TV at the store knowing you have a good working decent sized TV at home. Do you really need this overpriced TV? Or you dont?
100668
Budget. Figure out how much money you need to spend. Make liberal estimates, and save everything else. Then, little bit little, find ways to lower your spending (find better prices for the things you need, avoid extras like eating out, movies, etc).
856046
absolutely not, unless i needed it for electricity or food or medical expenses. because:\n\n1) insanely high interest rates\n2) digging a deeper hole\n\nyour best bet is to cut back expenses temporarily that aren't absolutely essential (cell phone if you have a land line, downgrade cable packages or eliminate all together, stop eating out at fast food or restaurants, take public transportation, buy less expensive food, etc.). alternatively, buy less expensive christmas gifts. when your situation improves, then you can adjust accordingly.
42224
Buy.\nIt an investment!