It’s never too late to SAVE.

It’s okay if you don’t have a lot of money to save. You can open an account at some credit unions at very low feed. Then you can add to your account at any time with money from your monthly salary, money given to you from birthdays, from your friends and family, from an allowance, or even from a part-time job. Did you know the decisions you make today could have a big impact on how your money will grow over time? The money you save would certainly come in handy when you’re ready to buy your first car, house or further your studies.

• Check out a Credit Union near you

If you don’t belong to a credit union ask around to get someone to help you find one to join. You can find a credit union close to your home by checking online.

• Open an account.

You can ask your mom or dad to help you open an account at a credit union. Many credit unions offer special accounts for youths.

• Know your dividend. Credit unions pay you for keeping your savings at the credit union. The money it pays is called a dividend which is the same as interest. Make sure you are saving in a place that will reward you for holding onto your money.

• Set your goals.

Before you can spend your hard earned money, decide in advance how much you want to save for the future and deposit it right away. You can see your savings grow!

• Make a budget.

How much money do you earn each week? What do you spend your money on each week? What big items do you want to save up to buy? Start a financial journal as to what you spend, and what you earn so you can see where your money goes.

• Check out how much money is in your savings account by looking at your statement.

Most credit unions send you a statement of your account. Statements show how much money is in your account, if you made a deposit or withdrawal, and how much of a dividend is paid to you. It’s fun to look at your statements from month to month and watch your money grow.