Savings Tips for Teens and Young Adults: How to Start Early and Build Wealth.

Learning how to save up money as a teenager or young adult is one of the most valuable things you can do, because it sets the stage for long-term financial well-being and can help you achieve your goals more quickly.

Do you have long-term goals? Some common goals for young adults include:

• Going to college
• Buying a house
• Traveling the world

All of these goals require saving money, and saving money requires planning and discipline. By managing your finances now, when you’re young, you can get a head start on saving enough money to help you pursue your dreams. Saving early means you can make the purchases or investments you want sooner, setting the stage for achieving your goals and living the life you want.

We’ll cover more than 10 ways to save money as a student, with such topics as:

• How to begin budgeting
• Why you should open a savings account
• How to use compound interest to save more quickly
• Why you should set financial goals
• The benefits of delaying gratification
• How to spend smartly

Saving can be easy with a few simple tips. Saving early means you can make the purchases or investments you want sooner, setting the stage for achieving your goals and living the life you want.

Arizona Central Credit Union is ready to help with all your or your teen’s banking needs, from the CU Succeed Club to loans for college.