Why is Saving Important?

Have you ever heard the saying "Money doesn’t grow on trees?" Well, unfortunately, this is true. So if you think you may want something now or in the future, you need to save the money you do have and add to it until you have enough to buy what you want. For example, if you get an allowance of $5.00 every week and you spend it on candy and video games each week, how are you going to pay for that new pair of in-line skates that cost $50.00? You will not be able to by them. But, if you save all of your allowance, in only 10 weeks, you will have the $50.00 you need to buy what you want.

Think about all the big things you will want to buy or invest in someday…a car, a college education, a home. All of these things take a lot of money, and even though you may not be able to save enough to pay for each of these things, you can save enough for a good down payment.

Remember, saving money does take practice, but it is also fun and very rewarding!