Saving

Why save?

Developing good habits early can mean greater financial independence and freedom later on. When you talk to kids—especially teens—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.

The power of an early start

When it comes to saving, time is every kid's greatest asset. The sooner kids start to save, the longer they have to save—and the more money they'll end up with. The challenge is to help kids understand and act on this concept.
Our Two Cents
Saving is an important habit at any age. Keep your own skills sharp by reviewing eight savings fundamentals. Older teens and young adults can benefit from them, too.




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Investing involves risk, including possible loss of principal.

The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

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