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Why should you save money at a younger age?

Updated: 9/14/2023
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Amiejay8

Lvl 1
15y ago

Best Answer

The more money you save at an earlier age, the more money you'll have saved up for college! If you have the minimum amount of money for a CD (Certificate of Deposit), save your money there, because that will give you a better interest rate on your money, and you probably won't need it before college. The more money you save at a younger age, the easier life is as you get older. Remember that you have the luxury to be risky with your money when your young. As you get older, the less chances you can take when it comes to investing. So, save when your young, live when your old.

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15y ago
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