Young America Saves

Everyone, young and old alike, can benefit from making savings a habit, and Young America Saves can help! Savers who pledge to save create their own savings plan by setting a monthly savings goal, as little as $5, and then try to save that amount each month.

Saving money on a regular basis means that you are ready for what the future brings.  The money will be there when you need it-- whether it’s for a new outfit, a trip to the movies, or starting a college career.  So enroll in Young America Saves, create your savings plan, and start saving today!

Young America Saves offers the following advice to young people beginning to save:

  • Create a savings plan and goal. Pick something you want to save for -- like your college education or a car -- and an amount that you can realistically save every month. Most young savers choose to save between $5 and $25 dollars a month, but save more if you can.
  • Keep your savings in a bank account or some other place that is not easy to access. If you keep the money you want to save in your wallet, it’s too easy to spend.
  • Have a plan for making regular deposits into your savings account or piggy-bank. If possible, it’s best to make your deposits automatically, by asking your employer to deposit a portion of your paycheck directly into your savings account. Or, set a schedule for yourself and pick one day each week or each month to make a deposit.

Who can be a Youth Saver?

Anyone over the age of 14 who enrolls online and agrees to work towards a saving goal can be a Young Saver. Savers set a monthly savings goal, as little as $5, then try to save this amount each month. By taking the Young America Saves Pledge, Youth Savers are eligible for special Saver Benefits.

More Young America Saves Resources:

Tip of the Day

  • Transferring money from checking to savings is the fastest way to #save $500 to $1,000 http://ow.ly/e7ClM

Saver Stories View all »

Starting Over

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

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Coping with a Lost Job

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

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Starting and Continuing a Personal Finance Journey

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

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