Money can buy you things. So because it has an important role in our world, you need to have a lot of respect for it. Money can bring you pride it you have earned it legally. But it can bring you trouble if you have earned it illegally!
Experts say you should start saving from around age 13.
Want to get saving? Here’s how to start!
- Ask your parents / guardians if you can open a bank account so you can start saving and managing your money. If you can’t, try put money away in a safe place no one else has access to, such as a box under your bed.
- Try to earn money for yourself. Look for opportunities in your area or in your family to help out, such as babysit a younger cousin or offer to help an older neighbour around the house.
- Give yourself a goal, such as something you’ve always wanted to buy but you could never afford.
- Ask an adult you trust and respect to help you manage your savings and even draw up a budget.
It’s never too early to start understanding how to save and budget. Learning how to handle money now will help you in the future!