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LiveWire / Teen Forums / Jobs & Hobbies / Viewing Topic

Money problems

Replies: 7 — Last Post May 11 10:34am by choclatebandit

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( choclatebandit )

Quality Control Engineer

I just got my first pay check but my mom won't let me start a banking account saying it's harder to get scholarships if you have money. She said I could have a savings account but I don't see the difference between the two.What should I do.

ElephantStone

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mums know best

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robdude

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i dont see a difference eithier...unless she wants you to get a checking account

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Marc15uk

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I don't believe that having a bank account will make it harder to get scholarships, I think your mum is trying to trick you in a good way, because in a savings account you normally cannot touch the money until you are a certain age, in the other hand having a normal bank account with debit card, you have access to your money 24/7.

In other words, your mom wants you to save money :].

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latin muscle

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Hide it under bed.

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bend

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Quote: from latin muscle at 7:27 pm on May 11, 2008

Hide it under bed.

and someone good might come around and steal it/ burn your house down for no reason

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Tavis

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One is for saving money, and the other you can go into debt a bit, you must have a job, and you can write cheques.

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( choclatebandit )

Quality Control Engineer

Quote: from Marc15uk at 10:27 am on May 11, 2008

I don't believe that having a bank account will make it harder to get scholarships, I think your mum is trying to trick you in a good way, because in a savings account you normally cannot touch the money until you are a certain age, in the other hand having a normal bank account with debit card, you have access to your money 24/7.
In other words, your mom wants you to save money :].

you really can't touch any of the money

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