Have you ever wanted to buy an item that was out of your budget like a new car or a PC? If so you should really consider saving. Saving is the most reliable method to help you not to touch your money for long periods of time.

 Imagine your future self

 When you save you learn not to touch your money and to wait until you’re absolutely sure that you need to use it. When starting to save you should always imagine your future self with whatever you’re saving for. Debt information for teens tells you that “Saving money now for use in the future gets easier if you know what you want and how much you’ll need”.

What you should do early in your saving 

When you start saving you should be putting away 15% of your total income or if you can’t put away the whole 15% you should at least put some away. You should be taking full advantage of a company’s 401K plan because this is a great passive way to earn more in your savings. Chris Arnold tells you to “make it automatic” and what he means by this is that you should set up an auto deposit to a savings account so that you don’t have to worry about putting your money away.                                                          

 Start saving young        

You should start saving young so that you get into the habit of not touching your money for long periods of time. And by starting young you give the money you’re saving more time to accumulate. Debt information for teens also tells you that “Saving may not be as fun as spending money, but is still important to do.

 Saving strategies 

By having a strategy for saving money it helps motivate you to keep going and keep putting money away for later use. One strategy from Debt information for teens tells you “Every time you receive money from your allowance, a gift, a summer job or some other source-try to automatically put some of it into savings instead of spending it.”

 Conclusion 

In a whole there are only a few downsides to saving but the benefits way outweigh the downsides. Whether it be using strategies or imagining your future self with what you’re saving for, saving money no matter how much will always benefit you.