Comments on: Money Saving Tips: Saving Account for Pre-Teen and Teens

By: Lovely

Lovely — Fri, 21 May 2010 12:33:47 +0000

I think most people would agree that saving money is something “easier said than done”. Personally, I believe it’s a mind-set that needs to be developed by creating good money-saving habits.

Here are some things I’ve done to help change my spending habits:

- Cooking more at home ? Eating out is very expensive especially if you do it a couple times a week
- Shopping online ? You can find better deals than in the store and you save on gas (I recommend http://www.shoptivity.com)
- Paying the full balance on credit cards each month ? Interest charge is like giving away free money
- Don’t forget to pay yourself ? Set up an online savings account (they pay higher interest than a normal savings account)
- Setting a budget and goals ? It’s good to have your goals written down so you see them everyday and don’t lose focus on your ultimate objectives

Again, saving money requires a lot of patience and hard work. However, you’ll thank yourself later on in life. Good luck everyone!! =)

By: biancafarwell

biancafarwell — Tue, 13 Apr 2010 15:44:58 +0000

this advice is horrible

By: Teen saving for College

Teen saving for College — Tue, 22 Sep 2009 18:48:21 +0000

I think I’m going to sign my kids up for this teen savings account. I also found this one for my youngest child and it’s for kids saving money.

Does anyone know of any others in the Denver CO area or on the web? Thanks for the post! : )

By: Former Teen

Former Teen — Tue, 02 Dec 2008 18:36:36 +0000

For me one of the greatest ideas to save money as a teen was keep it out of the reach. A debit card helped a lot because at that time few shops accepted them as payment. Another way to keep the cash is to go out without it. Sounds silly, but really works. If I don’t have money with me, I can’t spend it.

By: Savvy Steward

Savvy Steward — Fri, 04 May 2007 21:44:44 +0000

Affinity Bank will give you 10% APY for kids up to 16 years old. Pretty good way to start a savings account.

http://www.affinitybank.com/pb/savingsKids.asp

By: Conner Downey

Conner Downey — Fri, 04 May 2007 15:47:02 +0000

Thanks for posting it! I hope it helps others too, because it helped me a lot.

I posted about it on my blog, so I can get more people to hear about MyMint, and see if I can get some of my friends to read it and start saving young too.

By: Inside Conner’s Mind » MyMint - My Reader’s Question

Inside Conner’s Mind » MyMint - My Reader’s Question — Fri, 04 May 2007 15:45:31 +0000

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