Odds are that your parents aren't willing
to just hand over money every time you
want to buy something. So a great way
to get the stuff you want is to save your
own money for it.
Top 5 Reasons to Save
It helps you get the things you want
and need. Say you want to buy a car. If
you save money for a big down payment,
the monthly payments will be lower. That
makes buying a car more affordable.
It makes you more independent. When you're using your own savings for
a purchase, you have more freedom to
spend it as you choose.
It gets to be a habit. Breaking a habit
isn't that easy. So if you get into the habit
of saving while you're young, you'll probably
continue saving throughout your life.
It can help you deal with emergencies. Say you bought that car, but then the
brakes had to be replaced. With money in
your savings account, you could pay for
repairs and be back on the road in a flash.
You can earn money rather than paying
interest. When you use credit (such as a
loan or credit card) to buy something, you
have to pay interest charges in addition to
the item's cost. But when you use money
from your savings, we pick up part of the
tab, because some of the money in your
account is interest that's been paid to you.
See Us Today
Stop in soon to make a deposit to your
savings account. Or, if you have a job, ask
us about direct deposit of your paycheck.
