Banking

You probably guessed a bank, right?

Banks are safe places to save money. They keep track of how much money is deposited and how much money is taken out (by you).

You get a monthly statement that shows all the activity in your account. This can help when you are budgeting what to spend your money on and how much to save.

People can even keep track of all of their money by using their phone.

Maybe you want to save your money to buy a new video game, pair of shoes, scooter, or painting set. Saving the money you make can help you purchase those more expensive items later.

Make saving money a priority to help plan for future spending needs.

Sometimes it's just a good idea to save all of your money if you don't really need anything, especially as kids.

Banks can help you do this. Banks can also help your money grow over time by adding interest to the total amount of money saved in your account. If you put $100 into a savings account and it earned 7% interest, after a year you would earn $7 from just having your money sit in the account. So instead of $100, you have $107. The more you save, the more interest you make.

Who doesn't want to make more money?