How To Earn More Money?

How to earn money for first car?

• I'm 16 and in around 6ish months i'm going to turn 17 and start taking driving lessons. After i learn to drive if i choose to drive i will have to buy my own car as my parents cars are not suitable for me to drive / get insured on. My parents will probably not give me the money for lessons and a car as they are pretty tight with money at the moment. Also i want to earn the money myself as my brother paid for his car fully when he was 18. My brother had alot of money by the time he started driving but he had a business which was a little dodgy and in the end he had a court case. Anyways i am finishing school at the end of may then i have my GCSE's. I am looking for a summer job but i'm not sure whether to start work from june while i have exams or the start of july after all my exams are finished. If i can get myself a summer job i will only be able to work through july and august as in september i will be starting college where i have chosen pretty hard subjects where i wont have much time to work apart from weekends. If i was to get a job, with a low pay of £4.50 an hour and working 20 hours a week which realistically what i will end up with even though i am up for spending my summer working 48 hours a week 8 hour shifts 6 days a week, i will only earn £360 a month which is £720 by the end of summer. when i start college i will have to use a fair chunk of that on new clothes also. If i am left with £500 that will still not be enough to even cover all my lessons, £50 for a provisional, £25 per lesson then the costs of theory and practical. I have an aim to buy an astra, i know the exact car i want including engine size model etc, it will cost me £2500 and insurance between £1500 - £1800. Aside from the cost of petrol etc i need to earn around £5000. i will be looking to buy a car in about a years time from now leaving me 12 months to earn £5000 which means i need to earn around £400 a month. How can i earn some proper money? i need some different ways aside from the usual dog walking, car washing, lawn mowing etc? i have been trying out online surveys however it doesnt seem to be very good. i will be opening a bank account within the next 2 - 3 weeks but have no access to paypal or ebay as both my dad and brother are both banned from it and i am not 18 yet. Please help, i am determined to earn the money and i am willing to work hard. Thank you

• Answer:

  The jobs you can get as a teenager will return very little in the long term effect on your financial life. If you would use those hours focused on and improving your academic performance, specifically in the area of computer engineering, you could drastically effect your finances. kid 1: gets a menial paying job, eventually scraps together enough money to buy a car, wastes enormous amount of time working instead of studying. Has to pay insurance, gas, maintenance and on going car payments for what can best be called a wreck. (no ability to delay gratification) kid 2: Spends that time focused on computers, programming, other school work and prepares for college. Whips through an engineering degree in 3 years. Emerges as top programmer. Is tackled by 5 different game development companies as he is walking away from graduation ceremony. Is showered in 60,000.00 signing bonus to come work for internet company. Uses the 60,000 to put a down payment on a new Porsche, pay the insurance for a year and equip it with a very short skirted babe who would love to keep house for you while you work. Figure out which one you want to be. Delayed gratification or get it now?