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Save Early, Often and Experience the Power of Saving

Maybe you've picked up some extra cash as a gift or for helping a neighbor with a chore. Or you have a steady paycheck from a part-time job. Do you usually spend all of your money on downloads or on a trip to the mall? If so, you could be missing out. Because you have time on your side, by saving part of it now you can reap big rewards later. Say you are 15, and you can save $20 a month. Even if you only earn 1 percent interest, you'd have $15,574 by the time you were 65. If you could earn 2 percent, you'd have $20,627! Saving money in your share account at the credit union is a great way to get ahead financially. And the sooner you start, the farther ahead you will be.


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