"-$20,000. When you turn 18 you have to go into high debt that is unavoidable to get a watered down diploma.
On a more serious note on the high end save 20% of your paycheck and low end save 10%. Make sure to shop around banks to find which has the…"
"Im 28, own my house, both trucks, and motorcycle, all free and clear... I have no debt to speak of aside from a student loan, and I do whatever I want when im no working without much worry of the cost.
That doesnt change the fact that until I was…"
"That's awesome. I wish I would have done that, you have more money right now than I do. Granted, I have 2 kids and a family to pay for on one income, but either way, that's an awesome head start you'll have!"
"I always had none, because until about 2 years ago(I'm 29 now) I was TERRIBLE with money, now I'm struggling to catch up, though i Have some in the bank now and minimal debt. So since we're not that separated, TRUST ME, START NOW!!!…"
"Rebekah's comment got me thinking.
What is the point of the money in the bank. Is it a resource to be applied for college or spending money for having fun?
What are the goals of the 18 year old long and short term?"
"$112,000 liquid, plus another $125,000 in near-liquid securities. That's $112,000 for the first two years of college; $112,000 for the next two; $13,000 for the first few months after college while he looks for a job.
In reality, when I help my…"
"If you're asking the question at age 18, you either have very little, if any cash in the bank or are already sitting on a nice pile of cash.
I'd say if it's the former, I'd think accumulating least $500 to $1,000 in the bank as…"
"Hmmm. You're right. Of course totally wiping out your several thousand dollars worth of carbon-fiber or steel fixie wonder bike pretty much guarantees "replace" will win the repair or replace debate."
"Guess it depends on where you live. Even at 18, I wouldn't want to be caught without a car in Texas. I commuted 30 mi. to college, though. If the car goes down around here, you need enough liquidity to get it back up and…"
"Eh. If you're car isn't a POS, you probably don't need to debate replacing it over a grand or two. Then again, we tend to drive cars 'til the wheels fall off. Repairs, even expensive repairs or fairly regular…"
"I don't recall exactly how much I had, probably at least a couple thousand from various jobs (mostly fast food). However, I chewed through that fairly quickly in college due to living expenses and tuition that my scholarships didn't…"
"I hear ya there, I just had a engine head repaired a couple months back and it cost a nice sum. But I think 1000 for emergency is good at a young age, plus heck I know plenty of 18 year olds that can buy a car for $1000 bucks if need be to get them…"
"Thanks for the advice! Recently at work things have worked out that the guys and I have started to go out for drinks, check out some concerts local in the area, and some new restaurants. My buddy also just purchased a home so we've been helping…"
"That is what i'm concerned over. I love my current job but I don't know what this new position will be like and if I won't like it. I know money isn't everything it's just a motivator. The positive side to taking this is…"
"If I turn this down my chances of another promotion are slim. Which is another reason i'm heavily considering this. If I don't take it, someone else will and i'll see them jump over me essentially. Which that is something I'm…"
"Britain did have a pretty special status in the EU giving them the benefits but with less downsides.
The feeling that they lack control in their lives might be true, but its wrong to blame the EU for it. Globalization wont stop on british borders…"
"Money transfers. I was watching it real time. Sterling was being shorted in favor of gold. When the markets opened stock got sold, again in favor of gold. Everything has been corrected and gold is up. Monday will be a good day to buy."