Saving Your Money

Now that you have earned some money it's time to save some. The simplest way to save your money and make interest off of it is to open a savings account. Tell your parents that you want to open a savings account at their bank and I am sure they will be more than willing to help you get one started. Most banks or credit unions require a minimum deposit of $5 or more to get one started but that shouldn't be too hard. Once you start your account continue to put a little bit of money in it every time you earn some. Try not to take any out because that will hurt how much interest you make. Remember the more you have in there the more you make! When I get paid I always put at least 10% of what I made into savings. If I don't needed the money for something I usually put it all in. Another easy way to make your savings grow is to negotiate with your parents. Ask them if they are willing to match whatever you put into your account. Say you put $25 in, then they will put $25 dollars in. There you just put $50 dollars into your account and made a free $25 in the process. Savings accounts are good to have no matter how old you are! Here are some websites to help you get started with a savings account.
http://savingsaccounts.com/
http://en.wikipedia.org/wiki/Savings_account