Kid$ Start Savings Tips

Savings Tips From Owen Bee

Making Your Money Grow

• When you buy something, save your change! Even pennies and nickels add up and you can put them in your savings account.
• Ask your parents if you can clean the house or car. Save the coins you find under seat cushions or in drawers.
• If you save coins in a piggy bank, move the money to your Kid$ Start Savings account every chance you get. Money in your account earns something called interest. That means the bank adds money too, and your savings grow faster.

Setting Goals

• Ask your parents the difference between "wants" and "needs.” The next time you’re ready to buy something ask yourself, “Do I want or need this?” Often a want can wait, and you save money you would have spent.
• When you want to buy a big item, like a digital camera or video gaming system, ask your parents to help you find out the cost. Make a plan of the amount you need to save each week or month.
• Create a goals journal. Fill it with pictures of what you want to do with the money you save. Working toward a goal can drive you to save faster.
• Keep track of every penny you spend. This is called budgeting. Add the total amount of money you have each month. Then, write down three amounts: 
• how much you’ll save in your Kid$ Start account
• what you’ll give – to charity or to buy gifts
• how much you have left to spend

Keeping Your Money Safe

• You can't save money you lose. . .so keep track of it! Get in the habit of always putting money in one place, like in a piggy bank on your shelf.
• When you're shopping, keep your money safe in a wallet or coin purse. Always keep it with you and take out only what you plan to spend.  
• Where is the safest place to keep your money? At Old National Bank! The money you put in your Kid$ Start Savings account is safe and secure.