Exactly! The earlier you start saving, the more your money can grow. Compound interest lets your savings earn interest on the interest over time
It doesn't matter what amount you start with, but when you start.
I've heard about compound interest, does that mean I can earn money just by saving??
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All set! I'll get both a savings and checking account open for so you can manage your day-to-day expenses and securely set aside money for future goals and emergencies! It is generally recommended that you put 20% of each paycheck towards your savings!
Got it! I'll use a checking account for my needs, and the savings account for my future plans! A savings account would help me prepare for college as well!
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I don't really know much about how this works... I just want to put my money somewhere safe.
My daughter just got her first paycheck and wants to open a bank account but we're not sure which type to open.
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