I need to make sure that my paycheck is secure and it can grow over my time at this part time job. I should ask my mom what type of account I should do. She went to college she will know
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Hey mom! I need some help with my management of my money. The piggy bank is not big enough and I need help deciding what type of account i should open
Ok. There is a standard saving account. It is available to you at all times, but you pay interest each month.
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Great! Then you should open a Certificate of Deposit's account because I did this and had some money to pay off my student loan so I was so not badly in dept. The bank pays you higher interest rates when you have longer terms.
Hmm. That is good but I want to have access to this money when I leave for college which is 3-5 years away and I want to make sure I have some type of money earned from having it
No problem hun. See you later and keep me updating.
Great Thanks Mom, that fits my standards, I am going to the bank to start this account and deposit my money.
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