Hi there, Due to a cancellation to an overseas school trip, I now have some money to play with. Initially, I wanted a new audio system for my car, then a new netbook. I have now thought about it more wisely to explore possible investment opportunities. I have chosen investED as my primary community for this- thank you! Here is my situation that I am currently in: Savings: $1000 invested in a "CBA AwardsSaver Acc." which has 6%p.a interest (compounded daily, paid quarterly) (cannot make withdrawals) (Investment account) Income: At the moment, I earn $140 a wk. (working 7.5 hours) Expenses: $20p/month for phone + $80 a week for personal expenses In grade 12 I am asking for members of the community if they can write me up a financial plan for the next 6 months until January 1 2011. I have three bank accounts at the moment: 1. Youthsaver account (I have a CBA EFTPOS CARD)(Money from work is paid to this account)(However, I don't purchase anything from this account. 2. Smart Access Account (my weekend spendings accounts if i need to use EFTPOS at shops) 3. Award Saver Account (thats my 6%p.a savings/investment account) Initially, what I was thinking was to set up long term (year) and short term goals (6 months). These goals are things that I want to purchase. If I transfer $100 into my investment account every week, that leaves me with ~$40 in the savings account. From that $40, $25 will be transferred into the Smart Access. ($5 for the phone [$5 X 4 = $20p.month] + $20 for expenditure). That leaves me with $15 dollars in the YouthSaver account; which can just accumulate for emergencies if I need emergency money. [*]Is the AwardSaver account the most suitable for making a QUICK RETURN (dollar-wise) ? Are there any other investment accounts that offer better rates!? [*]With question two in mind, are there any other investments that I could put my money in? I know that $1000 won't get me anywhere, heck I could goto the casio when I turn 18 in a couple of months and probably get more money, but obviously this would mean HIGH risk. I have been doing some reading into the Sharemarket and into Currency. [*]Does anyone suggest any other job that earns >$18 per hour for a 17y.o I currently work at a pharmacy and work Sundays (1.5 pay). Note that I am doing engineering at uni next year and I live in the S.E QLD Region. In conclusion, I have done some research. To be earning $20 a week on interest with my investment account, I need $16000....just thought that I'd point that out, perhaps if I am disciplined to save that much it may be quite beneficial! I know that these are all rough things and obviously, real life can affect and alter these things, but what I am asking for is REAL, PRACTICAL help! I am not really asking for motivation (I am self motivated) such as this "If you can dream it, you can do it" CRAP. I am simply asking for specific guidance and to be pointed in the right direction Thank you very much in advance for your time reading this and hopefully answering this as well. Note that I am a realistic young man, I am a practical young man. I have seen members of this forum my age asking for "how to earn 1Million by I am 20" nonsense. I love life. I live life for my friends and family. Saving money for goods simply make my life more enjoyable. I do not need to earn 1million dollars by I am the age of 20 to see myself "successful and happy". That does not mean I do not believe it cannot happen. I believe for that to happen takes a lot of time and patience and hard work.... I work hard at school and at work. However I value my time with my family and friends more importantly. However, that is not to say that I have high aspirations. Note that next year I am studying Engineering at Uni.....and sorry if my questions are everywhere! I will underline all the questions that I have! Please remember, I have after practical, concise and realistic help! Thank you very much investED Community!