Thanks.

GamblerZ wrote:Keep in mind that your mom is not just paying for food, but you also have a roof over your head and the utilities are paid. I don't know what your home life is, but take a moment to thank her with something as simple as a card of flowers (BTW, you can find cheap cards at the Dollar Store and cheap flowers[no roses] can be had at most grocery stores). You may be surprised. Nevertheless, your present situation is better than most people. I understand that you are young and you want a little extra scratch in your pocket to do things that YOU want to do. But, before you can do that you may have to make some sacrifices. I have seen 20-somethings run around looking baller with the cars, the watches, the clothes, the bling, and so on, but the reality is that they were financing their lifestyle with credit (read: borrowed money). Many of them have since filed for personal bankruptcy and their balling days are over.
Things to know:
1. A car is the WORST "investment" you can ever make. Ask yourself this, "Do I NEED a car, or do I NEED transportation?"
2. Housing is typically your single largest expense. This also includes insurance (renters or homeowners), utilities, and...wait for it...furniture.
3. Do not deal in inventory. It is something you have to commit money in the hopes you can sell it later at a profit.
4. Lastly, differentiate what is a "need" versus a "want".
Needs
-Food
-Shelter
-Clothing
Wants
-Car
-Video games
-Cell phone
-Subscriptions (including Internet)
-Memberships
If you are looking for ways to earn and save, you probably need to consider making some pretty tough choices. You can start with ones I've mentioned above. That all said, you should consider a job that deals in cash if you want to do something right away on your own. Things like auto detailing, mowing lawns, hanging Christmas lights, trimming trees, painting houses, all can probably be done in your neighborhood. Otherwise, as already mentioned above, get involved as an apprentice working somewhere to learn a skill (preferably something you enjoy). Find yourself a good mentor. There is no education that can be a substitute for actual work experience. I have many friends who have only completed high school but have become very successful in their lives. What was their secret? They were willing to work, and work hard without complaint. Commit yourself to the task and give yourself to the job.
Good luck with your endeavors.
i'd have to say it depends....GamblerZ wrote:Actually, your student loan payments go toward your credit score and are an EXCELLENT indicator of your ability to repay.