This month I wanted this month to inform all of you how to wisely  handle earnings from your part-time job. Are you saying "Save It ?" That's right. Take 60 % of what you make from your part time job and open a bank account to start saving for your future. I know what you're saying, "That doesn't leave me anything to go buy clothes or go to mall with my friends," but $40 a week is $160 a month to go have fun with friends . The funny thing is you saved $240 a month which equates to $2880 a year. That may not sound like a lot of money now but if you can do that from 16 until you graduate high school that would be $ 8640 you would have saved. Now if you can do that and not touch it until after 4 years of college it would mean you would have  saved $20,160. That is enough to put down as a down payment on a house. What you don t know is I kept your base pay the same for 7 years and I didn't include any interest that the bank gives you for letting them use your money. I  promise you, your parents are not lying to you when they say they don't want you to make the same mistakes they did, or start when you're young to build a nest egg.

In closing, the figures I used for this article, only had you making $100 a week in pay. Imagine if you made $200 a week, the figures would double. At the end of one year the $2880 would actually be $5760. WOW !!! From a part time job. The amazing and overwhelming shock is that in 7 years your savings would double from $20,160 to $40,320! NOW NOT ONLY DO YOU HAVE ENOUGH TO PUT A DOWN PAYMENT ON A HOUSE, YOU ALSO HAVE ENOUGH TO PAY CASH FOR  A BRAND NEW CAR.

Until next month, take care,  God Bless and live smart.