Research shows that people who learn to save money early in life tend to make smarter financial decisions later. When you talk with your teen about the importance of saving, consider the following:

• Saving can help you avoid debt.
• Saving can prepare you for unexpected expenses. If you have a cash reserve, you won’t need to use credit for an emergency.
• Saving can help you become financially secure, and potentially even wealthy.
• Saving can help you meet goals, whether they’re short-, medium- or long-term.
• Saving can help give you the financial freedom to do what you want.