Why Save Money? | What Is A Savings Account? | What Is A CD?
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Why Save Money?

You have some money: maybe from Grandma or your allowance or from doing some special chores. What do you do with it? What SHOULD you do with it? Of course you could spend it. It can be fun to spend, but saving money can be fun too! Maybe you want to buy a new game system or have plenty of money to spend on your summer vacation. You need to save money for these things that cost a lot of money.

The best way to save is to put a little money away each week or month before you spend any of it. If you start out by saving, you’ll build a great habit that can last a lifetime. You can also help make our world a better place by sharing your money. You can start saving by putting money in a piggy bank at home.

Then, once you have larger amounts of cash saved, you’ll want to put some in your Youth Trek Statement Savings account at the bank where it is safe and will earn more money. (Interest is money the bank pays you for keeping your savings in the bank.) 

Talk to your parents or a trusted adult who knows your spending and savings habits. They can help you set goals and figure out how much you can spend, how much you should be saving, and how much you want to share. You’ll be an experienced bank customer in no time!

Just add it as a new paragraph at the end of the page.

Have some FUN finding out how your money can grow!

Click on this link to QNB’s “Financial Calculators”: 

Kids Calculator

It will take you to a “Simple Savings Goal” calculator.

You can figure out all different kinds of savings plans with this calculator.