I'm newly 16 and like most im saving up for my first car, my goal is to get to 5000 so I can get a 2004 Mercedes Benz E class. My problem is that I like to spend too much on stupid things I don't need like fast food or Starbucks. I need help, and need to set rules for myself. Any advice?

Make your own coffee at home, you can get flavored ones that you just stir into hot water, super easy to get rid of starbucks. Make it a goal to only eat out once a week, or once every two weeks, if you can. I would also advice getting a somewhat beater car, it doesn't have to be old and beaten up, but one that is cheaper and you don't mind if it gets wrecked, simply because you are a new driver and the risk of an accident is high. You would be crushed if you saved and saved and saved to get this super nice car and then you get in an accident. This actually just happened to me, I got a super nice car, it was my baby, drove it for 2 months and someone totaled it.

Simple procedure. Save money and spend instead of trying to spend and save. When you get money save 10 -15% and spend the rest.

You are gonna spend money on stupid things if you buy that 11 year old Mercedes.

Set a reasonable percentage you can take out every week. Open a separate bank account and keep it in savings.