What is the best way to save 100 USD every month? I'm

>>1461430

$100 a month will not amount to anything.

Even if you compound it at 7% over 30 years, it would be like $10-12,000. Not really worth it.

Use it to buy Sutter Home wine and get bitches drunk for an ez poke. Much better investment.

>>1461430
Just do what most people do: Put a fixed percentage (50%?) into a savings account, have the rest for fun. You're young and deserve to have some cash on hand, but a strict savings rule will keep you responsible.

>>1461458
That kind of is my point. If I start spending money recklessly on wine and hookers, it turns into a habit that is hard to get rid of. And it's not, speaking as an adult, a habit that can sustain over the longer run. I know it won't amount to a lot of money. Sure. But I think it's a good start. I'm only 22 at the moment. And when I hopefully make better money in the future, I'm hoping these habits come in handy. What do you have to say?

>>1461461
That is the idea. Haha. To have a percentage of the money to blow up, and to save the rest. As you have mentioned, I think it makes sense to inculcate values of financial responsibility early in life ( I'm 22, I'm hoping it counts as young) . The entire purpose of this exercise is not to save a large sum of money, it's to make sure I understand how important saving money is.

File: 1470933273119.jpg (35KB, 605x474px) Image search: [Google]

35KB, 605x474px

If anyone is interested, the reason why I am so keen on saving money is that I spent money recklessly during my undergraduate times and I don't want to repeat the same mistake again. I was in India, and made close to INR 5,50,000 over four years. Might not seem like a lot when you convert it to usd, but it's important to remember that I lived in India, where things were cheap. I spent all of the money on travelling, meeting new people, getting drunk, setting up failed businesses and general asshat behavior.

>>1461496
Man I'd just keep that extra $100 in case you get an unexpected bill. You're barely scraping by.

>>1461430
>$100 a month
>$1200 a year
>Only $72k in 60 years

>>1462560
Broke international grad student fag here.

>>1462361
Aye. No point. Just landed in the USA. Had no idea what the cost of living was here.

>>1462681
>Had no idea what the cost of living was here.
Haha yeah welcome to Hell. It was fine in the 1950s-1990s. Now the middle class is dead, and with it they took the majority of future businessmen as so few have starting capital anymore.

>>1461430
Don't spend it

>>1462727
Refer to the very first image posted in this thread :p