

Your decision to save money is a good one. The sooner you start saving money, the sooner you are able to buy some of the things you want.
You can open a savings account in a bank, credit union and/or savings and loan with very little money. They are safe places to save. It is safer than a piggy bank because they have insurance to protect your money from certain types of losses. You can also withdraw your money anytime they are open. Your money grows while in an account because these places use your money to help other people who need money. They pay you money called interest because you let them use your money. Interest rates are usually lower than other types of savings choices, but your money will grow.