Table of Contents What are Savings Why Should I Save It all adds up Saving for the Unexpected Where Do I Save How Do I Save Planning to save 10 12 14 16 Debt 18 Your Turn 20 Learning More 22 Words to Know 23 Index and About the Author 24
What are Savings People use money to pay for their needs and wants Needs are things that people must have to survive or live Needs include food shelter and clothing Wants are things people would like to have such as toys or a trip to the zoo People have to carefully plan how to E E use their money so E that they have some left over to save EE
Start saving When people have money left over after buying what they need they can go choose to save it That means that they do not spend it People may save money to buy needs and wants that cost a lot of money such as a family vacation or college tuition It can take a SOLD long time to save enough money to buy these kinds FOR SALE of needs and wants People need to save up a large amount of money to buy expensive wants and needs such as a