What to Do With the Cash You've Earned

So, after a lucrative season of mowing lawns, raking leaves, and performing other lawn maintenance duty, you have a lot of money. Use this money wisely, and don't spend all of it immediately.

Don't spend all of it immediately

When you receive your payment for mowing a lawn, don't go out a spend it all at once. I would suggest saving some immediately after receiving cash. At the very least, tip yourself, and take out 20% for your savings.

What to do with the saved money

I suggest getting a Sharebuilder account. It is what I use, and you can buy stocks with the account, which is very cool.

Give a little bit

Some religious organizations call it "tithing." Kindergartners call it "sharing" and "being nice." Give 5% or 10% of you earnings to a worthy organization (or, like, church).

Save for new equipment

Equipment ain't cheap. So save for some new ways to expand your business. So you can make MORE money! Hurray!

(Update: Check out my post on Saving Money for the Future of your Lawn Business)

So, save your money. One ice cream every day isn't as good as one ice cream every other day and a new mower. 'Nuff sad.

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