Become a Saver! Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin. The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating
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Become a Saver! Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability,
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Become a Saver!
Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin. The Texas A&M University System, U.S. Department
of Agriculture, and the County Commissioners Courts of Texas Cooperating
Why Save?• To be able to buy what
you want without going into debt
• Pay for college • Save for major purchases
and expenses• Build a rainy day fund• Develop a personal
financial/investment plan
Why Start Saving Now?
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
25 35 45 55 65 75
Age 18Age 37
Age
$307,000
$74,000
Start Age
Compound Interest
Year 1$100 X 10% = $10
Compound Interest
Year 1$100 X 10% =$10
$100 + $10 = $110
Compound Interest
Year 1$100 X 10% =$10
$100 + $10 = $110
Year 2$110 X 10% = $11
Compound Interest
Year 1$100 X 10% = $10$100 + $10 = $110
Year 2$110 X 10% = $11$110 + $11 = $121
Compound Interest
A=P(1+i)n
$161.05=$100 X (1+.10)5
Frugal Teen Buys House with 4-H Winnings
Lindsay Binegar, 19, in front of the Ohio house she purchased with her own earnings from selling hogs. Credit: Eric Albrecht, Columbus Dispatch
Finding Money to Save
Finding Money to Save
• Money from birthdays and special events
• Get a part-time job, or do odd jobs around the neighborhood
• Save loose change• Allowance• Awards or winnings • Making better consumer
choices
Where do you find $ to save?
OVER $900!!!
Bring snacks from home for one year
and save …
Where do you find $ to save?
OVER $1600!!!
Cut out buying burgers and fries each day at lunch for one year and
SAVE…
Where do you find $ to save?
Rent a movie instead of going out to the movies and save $600 per year.
(Assumes 1 movie per month at $20 per movie.)
Here’s How to Get Started
BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!
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Here’s How to Get Started
BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!
SAVINGS ACCOUNTUse an existing account, or open an account in your name.
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Here’s How to Get Started
BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!
SAVINGS ACCOUNTUse an existing account, or open an account in your name.
CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.
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Here’s How to Get Started
BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!
SAVINGS ACCOUNTUse an existing account, or open an account in your name.
CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.
TRACK YOUR PROGRESSOnce you’ve enrolled, track your progress towards your savings goal with the Young Texas Saves on-line tracker: “My Savings Tracker.”
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Here’s How to Get Started
BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!
SAVINGS ACCOUNTUse an existing account, or open an account in your name.
CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.
TRACK YOUR PROGRESSOnce you’ve enrolled, track your progress towards your savings goal with the Young America Saves on-line tracker: “My Savings Tracker.”
FIND WAYS TO SAVEUse some of the ideas presented today to begin your saving journey.
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Spending all your money on cheeseburgers, video games, or another pair of jeans might sound like a good idea today, but tomorrow… not so much.
Young Texas Saves
Enroll as a saver at www.americasaves.org/youth and start saving now to build wealth later. That, or get used to hanging out on your parent’s couch… when you’re 40.