Well i graduated from highschool about a week or two ago and got 2000 dollars worth of graduation money and am having trouble on how to spend it on my 4runner... any suggestions?

I dont know for sure if i want to spend all or most of it because i am going to the Citadel and you dont have your car for the first year so im only going to have it for about 3 more months...

heres a pic

 

Why spend it when you could just give it to me I already know what I'd do with it....lol

 

Congrats... how about spending a couple hundred bucks to tune up your rig and get it running in tip top shape before you park it and put the rest into an account so your not a broke college student. I know about 6 months after graduating I was wishing I had all the money back that I spent on beer and useless stuff.

 

bank it in a high interest account like ING DIRECT . Let your money build while your truck sits.

no I don't work for them

 

Yea, Dont just dump it cause you can..

 

This is great advice – bank it now, let it earn interest while you’re away. There isn’t much use to spending it on a truck you won’t be using for a while - and when you get back you’ll have even more to spend on the truck

 

gm has some cheap stock right now...

 

yeah thats all what i was kinda leaning towards was saving it... i actually just opened a checking and savings account yesterday to get it out of my tin can hahah getting a tune up is in need though...
i just get bored as hell during the summer usually and there is nothing love more than a project on my truck

 

Rear locker then treat the rest like you never got it and put it in the bank...

 

savings= 1000 firm
Lockright rear = ~300
TG bumpers f/r = ~650
sell brushgarud = + ~100
tune up with whats left = ~150

 

buy into GE... theyre low now like .20 a share... but they will grow immensely when the economy turns around... no where to go but up

 

Interest rates and CD rates are so crappy right now you're better off burying the money in a jar in your backyard.

 

okie don't do that to the young man-he still has aspirations and dreams....

the sky is not falling. The economy is cyclical and appears to be rebounding.

Good interest rates are out there. CD rates are crappy yes. Other financial vehicles are more liquid and pay better.

Robatt now that you have your savings and checking set up you will see they pay a very low rate of interest.

Several internet banks allow you to move funds back and forth from your account to theirs to earn a significantly better interest rate. Like 5-6x better.

You won't be getting rich no- but you'll be earning decent coin to at least keep you up with inflation of prices.

"Burying" (or just hoarding cash) your money earns you nothing, opens it up to theft and or fraud, and does nothing for peace of mind.

Spend some of course and have some fun that Tofer knows what he is talking bout and yes I would jump all over GE stock right now my gut says VSU 4 Runnin is also correct.

You could potentially be quite wealthy in a few years with a good helping of GE allowed to grow over the next 20-25 years.


or not.

 

Thanks Ron yea I was pretty surprised with how low interest was and I did have my 2000 dollars hidden In A can in my room haha. I'll look into the GE stocks thanks for the info

 

Yeah I would just throw it in a savings account then you got a year to research and think of what you wanna buy