ChildrenMoney_photoYou always hear “oh, it’s so important to save money”, “You have to save money”, “Save your money for a rainy day”.  But for kids (and many adults) this is not such an easy sell.  Here are my thoughts on saving, let’s see if I convince you.

    •     You can’t save if you don’t have any money.  
This may seem obvious, but there are many people out there who think that people can be “tricked” into saving in many fancy ways.  I say, it’s simple.  If you don’t have any money, you can’t save.  For adults this is a very complicated issue that I don’t have time to get into here, but for children, even the youngest child can do things to earn a little money of their own.  They can run errands, count change in change jars. Older children can babysit and take advantage of many programs that provide summer jobs.

    •    Having your own money feels good.
Think about picking up your piggy bank and feeling it heavy and full.   Or looking at your very own bank or credit union statement and seeing the balance grow.  You feel proud, you feel independent.  You feel that you can take care of yourself.

    •    If you don’t save money, you won’t know how to spend money.
Saving money is only the start.  If you never save, you will never have money to spend.  If you don’t have money to spend, you won’t learn to spend it wisely.  The world is full of advice about how to “spend money wisely”: you should spend x amount on this and spend x amount on that.  I say, spending money wisely means that you don’t get cheated or scammed and that you are able to do and buy what is important to you.  For one person, it might be being able to go to college, for another it might be having a nice place to live, for another it might be having the latest gadget or sneakers.
What do you think?  Did I convince you?  If so, come on into the credit union and we’ll get you set up with a savings account.  Just think how good you’ll feel when you have a little jingle in your pocket.

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