Whether you want to save up for a cool video game or your college
education, you’re going to need a financial game plan. Whatever
it is you are saving for now is the time to start!
If you’re serious about saving your money, keeping it in
a shoe box isn’t going to cut it. It’s time to start
a savings account.
1. Banks Are Safe
If you put your money in a bank, you can get it back. All banks
are insured. To learn more about how your money is protected click
here!
2. Banks make your money grow
In exchange for allowing the bank to lend your money to other
customers, most banks pay you money, called interest. Want to
see how your money can grow click
here!
3. Banks Offer Helpful Services
You probably won’t be able to use most of these financial
services now, but you will when you’re a little older. These
include investment programs, loans, special savings plans, and
automated teller machines (ATMs).
4. Banks Make It Harder for You to Get Your Money
If you keep your savings at home, you might be tempted to spend
some or all of it. When your money is in a bank, you’ll
think twice before spending it.