When Daniel Ortez started his first part-time job, the teen enjoyed earning extra money. But his weekly paycheck always seemed to run out before the end of the week. So Daniel decided to cut back on spending. Before buying anything, he asked himself if he really needed the item and whether it was worth the price. “Half the time, the answer to both questions would be no," he says.
He opened a savings account and soon found that keeping the money somewhere other than his pocket helped keep him from spending it.
Many teens find that earning and handling their own money for the first time can be challenging. The ability to handle those dollars is a skill you'll need for the rest of your life. As an Xtreme Teen Saver at Belco, you have taken the first step toward financial success. Your deposits earn interest, and you are learning that saving money helps you increase your independence and get the things you really want. Keep it up!
