Become a Saver!

Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin. The Texas A&M University System, U.S. Department

of Agriculture, and the County Commissioners Courts of Texas Cooperating

Why Save?• To be able to buy what

you want without going into debt

• Pay for college • Save for major purchases

and expenses• Build a rainy day fund• Develop a personal

financial/investment plan

Why Start Saving Now?

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

25 35 45 55 65 75

Age 18Age 37

Age

$307,000

$74,000

Start Age

Compound Interest

Year 1$100 X 10% = $10

Compound Interest

Year 1$100 X 10% =$10

$100 + $10 = $110

Compound Interest

Year 1$100 X 10% =$10

$100 + $10 = $110

Year 2$110 X 10% = $11

Compound Interest

Year 1$100 X 10% = $10$100 + $10 = $110

Year 2$110 X 10% = $11$110 + $11 = $121

Compound Interest

A=P(1+i)n

$161.05=$100 X (1+.10)5

Frugal Teen Buys House with 4-H Winnings

Lindsay Binegar, 19, in front of the Ohio house she purchased with her own earnings from selling hogs. Credit: Eric Albrecht, Columbus Dispatch

Finding Money to Save

Finding Money to Save

• Money from birthdays and special events

• Get a part-time job, or do odd jobs around the neighborhood

• Save loose change• Allowance• Awards or winnings • Making better consumer

choices

Where do you find $ to save?

OVER $900!!!

Bring snacks from home for one year

and save …

Where do you find $ to save?

OVER $1600!!!

Cut out buying burgers and fries each day at lunch for one year and

SAVE…

Where do you find $ to save?

Rent a movie instead of going out to the movies and save $600 per year.

(Assumes 1 movie per month at $20 per movie.)

Here’s How to Get Started

BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!

1

Here’s How to Get Started

BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!

SAVINGS ACCOUNTUse an existing account, or open an account in your name.

1

2

Here’s How to Get Started

BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!

SAVINGS ACCOUNTUse an existing account, or open an account in your name.

CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.

1

2

3

Here’s How to Get Started

BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!

SAVINGS ACCOUNTUse an existing account, or open an account in your name.

CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.

TRACK YOUR PROGRESSOnce you’ve enrolled, track your progress towards your savings goal with the Young Texas Saves on-line tracker: “My Savings Tracker.”

1

2

3

4

Here’s How to Get Started

BECOME A SAVERJoin Young Texas Saves for free, and take your first step towards becoming a saver!

SAVINGS ACCOUNTUse an existing account, or open an account in your name.

CREATE A SAVING & SPENDING PLANTrack your income (any money coming in), and plan for how that money will be used.

TRACK YOUR PROGRESSOnce you’ve enrolled, track your progress towards your savings goal with the Young America Saves on-line tracker: “My Savings Tracker.”

FIND WAYS TO SAVEUse some of the ideas presented today to begin your saving journey.

1

2

3

4

5

Spending all your money on cheeseburgers, video games, or another pair of jeans might sound like a good idea today, but tomorrow… not so much.

Young Texas Saves

Enroll as a saver at www.americasaves.org/youth and start saving now to build wealth later. That, or get used to hanging out on your parent’s couch… when you’re 40.