Planning Ahead

By, Kyle H.

Open a savings account early in life so you get into the habit of saving. Later, you may choose to invest in stocks and bonds. Opening a savings account is a critical first step to a secure future.

A good financial plan will make you feel good now thinking about what you will be able to do with your savings in the future. One of the best ways to save is to deposit money from your allowances or earnings as soon as you receive them. The idea behind this is that this makes saving when you set financial goals. The goals may relate to a major purchase. The idea behind this is that this makes saving a top priority.

You will be more successful at saving when you set financial goals. The goals may relate to a major purchase. Your goals might be to buy a musical instrument, sports equipment, or a computer

Besides helping you reach goals for the future, saving also helps the economy. Your savings are returned to the economy to increase the flow of money. Thus, your savings might be used to help build a school, home, or highway that, in turn, helps many other industries.

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