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Big Money Savings?

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  • #16
    It is good that at 15 you are already thinking of the long-term impact of saving money. One of the best things you could probably do at your age is simply to start with a savings account. Try to get one with 2-3% interest rates (I have one...it is like a deluxe checking account that has certain easy conditions you must meet to earn that higher interest rate). Some months, I was able to get really high dividends, compared to the cents you can get in other accounts.

    If you can keep working each summer during high school, and consistently, it will really help build your savings bottom line. Some kids can handle a part-time job during the school year, but personally, I think it is best to focus on your studies, if you want to get into a good college (I only worked in the summers at real jobs...did some yard work during the school year for neighbors).

    If I were you, I would start learning to use coupons and rebates to save money. I started using them about at your age. You are never too young to start saving money, and the BEST age to start at is in your teen years, not later like some of us do!!

    p.s. - You might want to definitely consult with your parents or other adult about investment options. It is difficult enough for most adults to figure out, much less someone just starting out!

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