Chapter 1 Saving Money
Saving Money may not be as fun as spending money, but it's still important to do. When you save your money, you can use it later to buy fun things (DVDs, video games, clothes) as well as pay for serious things like college or a car. The more people that understand how to save and manage money, the more likely they are to make smart decisions that affect their finances and their future. 640Please respect copyright.ＰＥＮＡＮＡ6hP2IcX2hy
Teenagers have access to money than ever before, thanks to allowances, gifts, income from chores, and summer or part time jobs. Teenagers are also becoming more responsible for handling money and making decisions. This goes from everything big and small like a bike or camera to saving for college. 640Please respect copyright.ＰＥＮＡＮＡR6dzI8drkr
People who put even a small amount of money into a savings account as often as they can and leave it untouched for years can be amazed at how big the account grows. The reason is a combination of saving as much as possible on a regular basis. 640Please respect copyright.ＰＥＮＡＮＡLrkXn8zoro
Here's how you can slowly build a large savings account. Lets say you put money into a savings account that pays you interest every month. After the first month, the interest payment will be calculated based on the money you put in. But the next time your bank pays interest, it will calculate the amount based on your original deposit plus the interest you received the previous month. Later, that larger, combined amount will earn more interest, and after many years, it becomes a much larger sum of money. Just because you left that money in that money in that savings account, you get even more money, sound amazing right?640Please respect copyright.ＰＥＮＡＮＡzYQvSZ52Op
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and then Add to home screen.