Save & Protect Your Money
There are multiple ways that people save. However the three types that most people use are an emergency savings account, regular savings account and retirement savings.
Emergency Savings Account
What would you do if you needed $500? Maybe this is the cost to fix your vehicle, paying the deductible for an accident or paying for something you accidentally broke.
Regular Savings Account
This is a savings for wants and scheduled needs. This would cover playing sports, buying a prom dress, buying pizza and other things.
Retirement Savings Account
This is your savings for when you retire. You probably aren’t worrying about it now but please read this article and chart – Teens can become millionaires
The newly enhanced Money Smart Computer-Based Instruction (CBI) is an easy-to-use tool to learn more about basic personal financial management. The CBI features a game-based learning design and separate learning tracks for teens. The teen learning track features the eight modules in the Money Smart for Young Adults curriculum.
Understand Your Savings Options
If you are 17 or younger, most local banks or credit unions require a trusted adult to open the account with you. Once you turn 18, you can manage the account on your own. Always find out the benefits and fees of any savings account before you open the account.
Complete overview of custodial (teen) bank accounts.
Helpful Links for Finding the Best Account For You
Link for Understanding How Much To Save
Videos For Understanding Banking
Find More About Saving!
Our Main Topic on Saving Money has even more information and links on Saving Money!
Financial Protection
Be sure to gain the skill needed to keep you finances protected! Visit our Main Topic, Financial Protection to learn More!
Budgeting Will Help You Save
You can learn to budget and save money on purchases by reviewing our Main Topic, Budgeting and Smart Spending.
Get Free Tax Preparation
We also suggest that you consider doing or having your taxes done for free. Visit our Main Topic, Free Tax Preparation for more information!