The importance of saving

Saving is your key to financial independence and building wealth.


Instructional Text

When you think about money management, saving is a great place to start. And I don’t mean just saving a dollar here or there. What I’m talking about is every time you get some money, whether it’s your paycheck or a tax refund or a gift, you choose to set aside some of that money for you – saving money for unexpected expenses and for your future goals. Image Description
Being able to afford large purchases, such as a car, a home, or the cost of a college education, usually requires saving large amounts of money, gradually, over time. Image Description
And let’s face it: if you stash your money away in a drawer or under your mattress, it’s not very safe. And the amount you have definitely won’t grow any larger. But if you deposit your money in accounts that pay interest, your money will be safe and it will grow with interest. Image Description
That’s exactly right. Now the amount of interest you earn will depend on which account you choose and the amount of money you keep in the account over time. For a brighter financial future, you want to earn the most interest you can on the money you save. Image Description
In this lesson, we’ll teach you some valuable tips about how to save more and earn more on the money you save. Image Description

Get into the habit of saving

• Keep your money safe • Earn interest • Be ready for surprise expenses • Afford large purchases • Achieve major goals
Compound interest is a powerful way to make your savings grow faster. Click the Next button to learn more.
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