Great News

red99newedge · August 22nd, 2008, 12:42 PM

so i just found out that when i was born 20 years ago my parents starting a long term investment thing to help wiht school

nothing big enough to pay my way thorugh but enough to get me started

but i got a scholarship and im just going to a community college so they dont care wat i spend it on which means my goal of 12s will come VERY soon

they put like 300 bucks away every month for 6 months and now its done and i get 500 bucks every month starting on the 15th of septemeber

so im thinking nitrous?

HMUSN · August 22nd, 2008, 12:45 PM

spend it on what your parents intended it to be spent on.
school.

red99newedge · August 22nd, 2008, 12:46 PM

Originally Posted by HMUSN

spend it on what your parents intended it to be spent on.
school.

i got a full scholarship so they told me i can spend it on my car or buy a bike

HMUSN · August 22nd, 2008, 12:47 PM

that scholarship cover books and room and board as well?

graystang01 · August 22nd, 2008, 12:48 PM

my parents did the same thing and i cant touch my money

red99newedge · August 22nd, 2008, 12:48 PM

Originally Posted by HMUSN

that scholarship cover books and room and board as well?

i live at home still...its only like a 20 minute drive

and yes it covers books and lab fees

red99newedge · August 22nd, 2008, 12:49 PM

Originally Posted by graystang01

my parents did the same thing and i cant touch my money

WHY?

red99newedge · August 22nd, 2008, 12:52 PM

i figure with 3 grand i can either wait 6 months and get a used super charger or by next month i can get nitrous and every month after that spend 500 on something else

maybe cams one month and like suspension stuff the next and by month 6 id be faster then if i had the supercharger....

White99stang · August 22nd, 2008, 12:55 PM

why do you sound like another demello lol

red99newedge · August 22nd, 2008, 12:56 PM

we both live in floirda....lmfao

red99newedge · August 22nd, 2008, 12:56 PM

wat was so bad with him besides that he bicthed out on a bet?

1FastFox · August 22nd, 2008, 12:57 PM

red, your going to have tax consequences on that. If they put it into the account they should have, which was pre-taxes. Then the money is dedicated to a school or to you @ 25. Might want to consult someone about this, but you could end up owing a bit on your taxes next time you file... Im in money management, but not a pro @ taxes, so like I said, you might want to check up on that...

red99newedge · August 22nd, 2008, 12:58 PM

Originally Posted by 1FastFox

red, your going to have tax consequences on that. If they put it into the account they should have, which was pre-taxes. Then the money is dedicated to a school or to you @ 25. Might want to consult someone about this, but you could end up owing a bit on your taxes next time you file... Im in money management, but not a pro @ taxes, so like I said, you might want to check up on that...

really?

well i pay my parents rent money so it could maybe be chalked up as me giving them the 500 a month that i pay them rite now to them getting the school money and me not paying rent lol

~C~ · August 22nd, 2008, 01:49 PM

Maybe this should be a sticky?
http://www.moddedmustangs.com/forums...ou-budget.html

August 22nd, 2008, 12:42 PM	#1
red99newedge Banned Join Date: Aug 2008 Location: north port, florida Posts: 46 iTrader: 0 reviews	Great News so i just found out that when i was born 20 years ago my parents starting a long term investment thing to help wiht school nothing big enough to pay my way thorugh but enough to get me started but i got a scholarship and im just going to a community college so they dont care wat i spend it on which means my goal of 12s will come VERY soon they put like 300 bucks away every month for 6 months and now its done and i get 500 bucks every month starting on the 15th of septemeber so im thinking nitrous?

August 22nd, 2008, 12:45 PM	#2
HMUSN Doc 1986 SVO 48.47@ 12.58 Join Date: Nov 2006 Posts: 37,050 iTrader: 11 reviews	spend it on what your parents intended it to be spent on. school. __________________

August 22nd, 2008, 12:47 PM	#4
HMUSN Doc 1986 SVO 48.47@ 12.58 Join Date: Nov 2006 Posts: 37,050 iTrader: 11 reviews	that scholarship cover books and room and board as well? __________________

August 22nd, 2008, 12:55 PM	#9
White99stang MM's nicest mod, :) Join Date: Aug 2005 Location: Apex, NC Posts: 3,771 iTrader: 0 reviews	why do you sound like another demello lol __________________ 06 Dodge MegaCab Diesel 455rwhp/815rwtq REAL TRUCKS DON'T USE SPARK PLUGS

August 22nd, 2008, 12:57 PM	#12
1FastFox Skirt Chasing Phallus Phondler Kit Car/Ducati/Explorer Nike Fast Join Date: Mar 2007 Location: Indiana Posts: 10,495 iTrader: 4 reviews	red, your going to have tax consequences on that. If they put it into the account they should have, which was pre-taxes. Then the money is dedicated to a school or to you @ 25. Might want to consult someone about this, but you could end up owing a bit on your taxes next time you file... Im in money management, but not a pro @ taxes, so like I said, you might want to check up on that... __________________ QUOTE OF THE DAY (5/25/12): “Don’t play what’s there, play what’s not there.” ‐ Miles Davis

August 22nd, 2008, 12:52 PM	#8
red99newedge Banned Join Date: Aug 2008 Location: north port, florida Posts: 46 iTrader: 0 reviews	i figure with 3 grand i can either wait 6 months and get a used super charger or by next month i can get nitrous and every month after that spend 500 on something else maybe cams one month and like suspension stuff the next and by month 6 id be faster then if i had the supercharger....

August 22nd, 2008, 12:56 PM	#10
red99newedge Banned Join Date: Aug 2008 Location: north port, florida Posts: 46 iTrader: 0 reviews	we both live in floirda....lmfao

August 22nd, 2008, 01:49 PM	#14
~C~ ~C~, The Other White Meat! Y2K YellowJacket GT ~TBD~ Join Date: Jun 2008 Location: West side B-More Posts: 1,697 iTrader: 2 reviews	Maybe this should be a sticky? http://www.moddedmustangs.com/forums...ou-budget.html __________________ BLOWN Bumblebeast! 370 rwhp / 381 ft lbs ~Tuned by JJ at WMS "Like the blind man says......We shall see...."

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