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Sometimes it can be hard to think about saving money when you’re focused on earning a good income and managing daily expenses. It’s common to want to spend the money you earn — to reward yourself for hard work. Saving is a kind of reward, too, and one that pays off more than buying things you want.
When you save, you put your money into an account where that money grows — it’s the only way to turn the money you earned into more money. Over the short term, you see small growth. Over the long-term, you start saving enough money so that you can have the things you want today and guarantee that you can have them later in life as well.
To save successfully, you have to be savvy enough to think about both the short and long term — to balance what you want now with what you want in the future. This is especially important to students because they are developing habits that will last a lifetime and it is up to us adults to set the example. Be prepared to hear some great tips from some very resourceful kids. ;) MS. V
