Hardly any students support themselves.(Original post by Octohedral)
Save it all with the best interest rate you can get (although you will get so little interest that premium bonds might be better). I can't stress this enough - it's your life, but to me it seems ridiculous seeing 16 year olds buying Ipads when their bank accounts are empty and they are two years away from supporting themselves. Get a big cushion of money for university and you will have a really good three years.
Anyway I'm going to take the opposite opinion to the majority of the thread. It's just the way I was raised, that if I get money at Christmas/birthday in lieu of a present then I should treat myself because it's a gift if you get what I mean?
For example. I'm 17, starting uni in September and have been working part time since November.
I basically work to help me through uni, so the majority of wages are saved.
However my birthday is in January so I saved the Christmas money and added my birthday money to that and bought driving lessons.
So my advice. If you want the iPad then get the iPad but try to look for work when you hit 16.
What to do with £500?
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