I'm Betty, we come together after school everyday to do our homework.
I'm Sue. We come here to have coffee every day.
Everyday we spend a total of $8.45 on our drinks.
Though we are trying to find new ways to save money.
In one year of buying coffee after school, we would spend a total of 2,028 dollars. If we would come to my house to do our homework and make our own coffee, we would save money.
We would save 1,932 dollars per year if we made our own coffee from home.
Another way to save money is starting a money jar to keep the extra coins or dollar bills that you have. If you put 50 cents in this jar every day for a year you can save 196 dollars.
A way to keep that money safe is by opening a bank account. With the money you saved, you can earn benefits from the bank by doing this.
Some benefits you have when you put your money in a savings account is your money is better protected from theft and fires. When you put your money in a savings account you will also gain interest and earn more money over time.
So next time you want to save money, try experimenting with these ideas and think about the benefits of saving up money for the long-term.