Smartest way to use $300?

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taylor888

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#1 taylor888
Member since 2005 • 2232 Posts

I just filed my tax returns and I have $300. I was thinking about maybe starting some sort of investment account, though I am not sure exactly how they work or if I even have enough money to start one. I am going to go to the bank and ask them about some options, but I just wanted to know what you guys think first. I am 17.

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carrot-cake

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#2 carrot-cake
Member since 2008 • 6880 Posts

Just save it for now.

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ehhwhatever

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#3 ehhwhatever
Member since 2010 • 1463 Posts

If you don't have a checking account the bank will make you get one. You can jsut cash the check. If you want to start a credit card for emergencies you got to have a checking account.

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rcignoni

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#4 rcignoni
Member since 2004 • 8863 Posts
Stick it in a savings account?
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Wolls

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#5 Wolls
Member since 2005 • 19119 Posts
Hobo race.....those guys will do anything for money :D
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Franko_3

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#6 Franko_3
Member since 2003 • 5729 Posts
a VIP prostitute or 3 normal, you have unlimited choice really
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dunl12496

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#7 dunl12496
Member since 2009 • 5710 Posts

Eat it, poop it out, throw it at a girl.

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ZumaJones07

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#8 ZumaJones07
Member since 2005 • 16457 Posts
sending it to me is probably the best thing to do
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ThePerro

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#9 ThePerro
Member since 2006 • 3105 Posts

Spend it on a single impulse purchase that you'll only use once.

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Maniacc1

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#10 Maniacc1
Member since 2006 • 5354 Posts
My Economics professor always used to say that the only thing people do with money is C it, T it, or S it. I'd suggest you'd S it. The T it has already been taken care of. :P
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UT_Wrestler

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#11 UT_Wrestler
Member since 2004 • 16426 Posts
Put it into a Roth IRA. It grows faster than it would in any CD or savings account, and there's no penalty for withdrawing.
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Niff_T

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#12 Niff_T
Member since 2007 • 6052 Posts

Send it to ZumaJones07, he'll know what to do with it.

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lonestarg

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#13 lonestarg
Member since 2004 • 16053 Posts

Buy a lot of weed.

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MiniGuns

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#14 MiniGuns
Member since 2005 • 7295 Posts

Casinos. Double your profits.;)

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Optical_Order

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#15 Optical_Order
Member since 2008 • 5100 Posts

Buy a lot of weed.

lonestarg

sage advice.

Then sell it and turn that $300 into $500

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ehhwhatever

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#16 ehhwhatever
Member since 2010 • 1463 Posts

I thought you can't just have a savings acct.It would be nice if the government stepped in and said yes a person can have only a savings acct.

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cmdrmonkey45

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#17 cmdrmonkey45
Member since 2010 • 360 Posts

Save it. Times are tough and you might need it later.

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berserker2389

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#18 berserker2389
Member since 2010 • 4627 Posts
Send it to my paypal :)
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Bloodaxe726

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#19 Bloodaxe726
Member since 2007 • 7903 Posts

Burn it. The flames will be pretty. Just make sure you burn it in front of poor people.

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powerman89

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#20 powerman89
Member since 2006 • 2517 Posts
Investt in something you think will get big. You might end up losing it though
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Zilch90

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#21 Zilch90
Member since 2009 • 354 Posts

Cocaine.

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taylor888

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#22 taylor888
Member since 2005 • 2232 Posts

I appreciate your counsel! Now I'm off to buy a whole lotta weed!

(except I am just going to save my money)

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X360PS3AMD05

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#23 X360PS3AMD05
Member since 2005 • 36320 Posts
Wholesale fireworks, you can end up with a truck load
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Optical_Order

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#24 Optical_Order
Member since 2008 • 5100 Posts

Cocaine.

Zilch90

You know what I used to eat for breakfast?

Cocaine.

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awesomeface

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#25 awesomeface
Member since 2007 • 3661 Posts
Save it up for something that you will inevitably need.
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Smug_Duckling

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#26 Smug_Duckling
Member since 2011 • 333 Posts
Save it and buy yourself something nice.
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JPOBS

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#27 JPOBS
Member since 2007 • 9675 Posts
$300 worth of beer imo.
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mrbojangles25

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#29 mrbojangles25
Member since 2005 • 58534 Posts

for me, a new video card and maybe a new PC game or two

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jrhawk42

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#30 jrhawk42
Member since 2003 • 12764 Posts

200 in the bank 100 on something fun for you and those you love. I think you'll get better returns on the $100 :/

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angrules23

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#31 angrules23
Member since 2007 • 854 Posts
Buy 150 cheeseburgers.
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IcyToasters

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#32 IcyToasters
Member since 2007 • 12476 Posts

(1) A camera that allows you to stream video,
(2) A low end airsoft gun,
(3) A pack of airsoft rounds,
(4) A flashlight (the kind that you shake to charge; those are awesome), and duct tape.

-Now go get your RC car that you haven't touched for 10 years,
-Combine all the items you just purchased with your RC car.

You now have a short-range recon vehicle, improved home defence, and more things to use while on a trip to Walmart.

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TheMadGamer

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#33 TheMadGamer
Member since 2003 • 8670 Posts

You could buy 6000(!) 5 cent candy's... just imagine! :o

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mercenaryy

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#34 mercenaryy
Member since 2008 • 135 Posts

buy me a xbox

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STAR_Admiral

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#35 STAR_Admiral
Member since 2006 • 1119 Posts
Since you are 17, you should consider saving that for your education!
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Solid_Tango

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#36 Solid_Tango
Member since 2009 • 8609 Posts
a VIP prostitute or 3 normal, you have unlimited choice reallyFranko_3
Best answer in this thread
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leeveeu

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#37 leeveeu
Member since 2003 • 3405 Posts
Buy gold
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surrealnumber5

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#38 surrealnumber5
Member since 2008 • 23044 Posts
save it, build your capital
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YellowOneKinobi

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#39 YellowOneKinobi
Member since 2011 • 4128 Posts

Series i bonds.

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Buttons1990

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#41 Buttons1990
Member since 2009 • 3167 Posts

If you don't have a checking account the bank will make you get one. You can jsut cash the check. If you want to start a credit card for emergencies you got to have a checking account.

ehhwhatever

Ignore this OP. Do NOT open a credit card.

As for savings... You can open a checking/savings account at a bank (better to do a national bank so you have access all over, not just local, and don't even up paying ATM fees if you need to withdraw money and your bank isn't around)... $300 isn't a lot to get started with, so basically all you can do is put it in a checking or savings account... No savings accounts are "high" interest in this economy (1.1-1.2% APY compared to 3.5%+ APY in 2006 and before), and you can't really start one anyways with $300... So basically just hold onto it.

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surrealnumber5

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#42 surrealnumber5
Member since 2008 • 23044 Posts
thanks to another thread on the front page, it might me the best investment to try your hand at indoor agraculture. i am sure you could make a good growing platform and start up for about 300. lets just say your "tomatose" could bring a good return on your investment
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Darthmatt

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#43 Darthmatt
Member since 2002 • 8970 Posts

Get some good boots.

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Buttons1990

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#44 Buttons1990
Member since 2009 • 3167 Posts

thanks to another thread on the front page, it might me the best investment to try your hand at indoor agraculture. i am sure you could make a good growing platform and start up for about 300. lets just say your "tomatose" could bring a good return on your investmentsurrealnumber5

Until the police find his "tomatoes"... "Tomato" distribution, albeit it not the same as "orange" distribution from Columbia ;) still carries heavy penalties in the US (depending on where you live).

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surrealnumber5

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#45 surrealnumber5
Member since 2008 • 23044 Posts

[QUOTE="surrealnumber5"]thanks to another thread on the front page, it might me the best investment to try your hand at indoor agraculture. i am sure you could make a good growing platform and start up for about 300. lets just say your "tomatose" could bring a good return on your investmentButtons1990

Until the police find his "tomatoes"... "Tomato" distribution, albeit it not the same as "orange" distribution from Columbia ;) still carries heavy penalties in the US (depending on where you live).

i would rather see a large wealth of tomatoes and falling prices than where it is now and because of its cost kids and adults are migrating to less healthy produce like crystal sugarcane, have you seen what that stuff does to kids, it makes them bananas
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megagene

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#46 megagene
Member since 2005 • 23161 Posts
Buy a PS3.
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Muvilici

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#47 Muvilici
Member since 2010 • 195 Posts

Get a PS3.

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lowkey254

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#48 lowkey254
Member since 2004 • 6031 Posts

Either savings or small stock investments.

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Truf89

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#49 Truf89
Member since 2006 • 4680 Posts
Driving school.
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majrankin

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#50 majrankin
Member since 2009 • 193 Posts

Buy your girl something nice

Buy yourself something nice

or save it