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"Earned" Money

June 10th, 2007 at 09:34 pm

Yesterday I graduated from high school and I have "made" $700 thus far. Of that, I've spent $125. $100 went into my Roth IRA and $25 was spent on summer clothes.

That leaves me $575 left to spend.

Tomorrow I'm going to Costco to buy a new 30 GB iPod. I've had my current iPod for 3 1/2 years and it has survived many, many stunts. From falling onto tiled kitchen floors from my hands to being dropped down a flight of stairs to being dropped onto the concrete sidewalk, my iPod has served me well. But like most gadgets it is time to retire ye olde iPod. The new one will cost about $249.99.

Though it is tempting to spend the rest of the money, I will be putting it into savings. I will withdraw it in a few months when I leave for D.C.

As for my shopping trip today, I spent a total of $21.45. Admittedly, I bought two pairs of khakis at Ross instead of a thrift store, like I planned. But I stuck within my budget. I'm adding $8.00 to my Challenge Box because I ended up with 8 ones at the end of the day. Don't know how that happened, but it did.

Old Balance: $55.00
+ $8.00
New Balance: $63.00

7 Responses to “"Earned" Money”

  1. shiela Says:

    Congratulations!!!! Smile Are you glad to be out of high school?

  2. Cassandra Says:

    Sooo happy! High school was fun but I'm definetly ready for my next big adventure!

  3. campfrugal Says:

    Congratulations! That is a really great accomplishment. May your future be bright.

  4. Ima saver Says:

    Congratulations. I hope you have a wonderful life!!

  5. fern Says:

    If you're going to put the rest into savings anyway, why not put more than $100 into your IRA? Money in a tax-deferred account like an IRA grows faster than money in a taxable account.

  6. JanH Says:

    Congrats on your graduation! Exciting times ahead!

  7. homebody Says:

    The best years of your life lie ahead, especially if you continue posting and reading and learning what I should have learned at your age. Fern's right, put more in IRA now!

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