sense most online business are having black friday is it worth buying something or should i pass and try to save my money. im a teen i have around 200$ but i would like to limit myself to 100$ or less. im probably posting this in the wrong place but im not sure, i just want to make a smart choice when it comes to money.
also i will not be investing in stocks or crypto so please dont suggest it.
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If you can’t answer this question for yourself, then you don’t have any burning need to spend the money. Just keep it for when you find you actually have a need.
Unless you have something in mind that you want, that you know you can get a good deal on, I think you would be better off saving your money than buying something you don’t want/need just for the sake of a black Friday deal.
This whole black Friday thing gets hyped so much that you start to think “I better get in on these bargain prices,” but the truth is that some retailers actually raise their prices on some things in October and then lower them back to regular 40% markup and call it a “SIZZILIN SALE PRICE!!!”
So in conclusion, if there’s something you want, check different sources and compare prices. Otherwise, don’t get scammed into thinking you’re missing out, you are not. Source: I am 55 years old, have worked in retail.
If you really want to buy something invest in a hobby of yours. Buy an instrument, used camera lens, whatever you need to do something you like. Stuff like this may last you a long time if you stick with the hobby.
Invest in yourself. You may be able to follow an online course in your interest that your school doesn’t offer. Like water color or audio mixing, guitar, video editing, coding etc.
Don’t spend your money because it’s a " good deal". In theory your guardian(s) are covering the expenses the rest of as as adults just accept. Therefore take advantage and spend your money on what brings you joy.
Neither. Save your money.
As a counterargument: spend your money. 200 dollars means a lot more to a teenager than a college student (with an on-campus part time job), then when you find yourself at your first full time job you may sometimes be spending 200 dollars like pocket change.
As a result, you will most likely cherish what you buy now for 200 USD way more than what you can buy down the line. That console you need to save up 6 months for right now? It becomes a lot less sentimental when you can afford it every other month. So spend your money on something that you’d like right now. 200 dollars won’t change your life in college much, but it can change your life significantly right now.
It won’t change your life, but the mentality of not spending just because you can will
Saving is great, but you should definitely reward yourself from time to time. “Retail therapy” as it’s called, which can of course quickly turn into buyer’s remorse.
I’d recommend a good pair of headphones priced around $50-75.
TREAT YO SELF
If you’re not willing to invest it, and you don’t already have something in mind you want to buy, then I say just save it.
Aside from that it depends on your hobbies. If it were me as a teenager it might be nice to get a decent fishing rod or multitool - something that you will use for a long time into adulthood.
Saving up to travel is also something you probably won’t regret, and will create lifetime memories that define you.
