What Would You Give Up For a New Bike?

20. June 2011

Each month we ask students to share their stories about saving money as part of the Young America Saves program. To learn more about the program or to enroll visit http://www.americasaves.org/youth/

By Gregg Kelly III, Illinois HS Student

When I was 11, I thought that my parents were going to buy me my first bike. I was all happy, I felt that I was “gonna ride with the big boys,” meaning my older brothers. I had been asking and asking if they were going to buy me a bike and they said, “We’ll see.” They kept saying that, so eventually I realized that they weren’t going to buy it. I was mad, but I decided to earn the money myself.

At the time, I thought a bike would cost about $50.00. Then my Mom gave me a Toys ‘R Us flyer and I saw how much it really cost. $115! For a bicycle! I asked my Mom if there was anything I could do to earn enough money for the bike. She told me I already earned money completing chores around the house and that I should use that money to save for a bike. Luckily, she made a deal with me that when I earned half of the money for the cost of the bike, she would pay the rest. This made me kind of happy, although I was disappointed in myself because I realized that each week I spent all my chore money on gum, candy, and ice cream.

Because I really wanted the bike, I had to spend less money on snacks and put this money toward the bike. I kept doing this for three months, and I eventually reached my halfway mark. My mother then bought the bike.

I learned that some things you want require sacrifice. I had to give up food and snacks in order to get the bike that I wanted.

Then I rode with my brothers.

TRY IT FOR YOURSELF!

How much do you think you spend on food – candy, gum, soda, etc.? Tell us on our Facebook page

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 12, 2014

    Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you've purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account. http://ow.ly/sj972

Saver Tips and Stories View all »

Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

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.

Read more...

Saving for a Bright Future

Written by Guest Blogger | April 15, 2019

Kristin Hendricks, a single mother from Texas, understands the importance of saving money and following a tight budget. She decided to make saving money a priority when she gave birth to her son.

Read more...

Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up