Comments on: Save money when you’re young

By: Peter Luke

Peter Luke — Sun, 13 Sep 2009 23:34:28 +0000

Good stuff here. Our younger generation could learn a thing or two from this post. It is true that there is no better time to save money than while one is young. Not much expenses yet and what you usually spend on are generally merely “wants” more than “need”.

By: Mack jackson

Mack jackson — Fri, 03 Jul 2009 04:53:18 +0000

Thanks for sharing such great post, i agree that saving money from now is best way to enjoy future greatly.

By: Paid Survey

Paid Survey — Wed, 08 Apr 2009 12:55:26 +0000

Get $10 for fillng out our survey
buffalocashsurvey.com

By: jessica

jessica — Fri, 02 Jan 2009 15:49:57 +0000

this worker great!thank you!!!!!!!!

By: AlbanianTodd

AlbanianTodd — Fri, 24 Oct 2008 16:48:06 +0000

You did the right thing at the time, this is just the old you wishing you could rob from your younger self.

Saving some is good, but you are alive right now, so enjoy it. As you can see from recent events, the powers that be will see your savings and find a way to steal them or devalue them.

I work with immigrants whose parents saved and saved only to see their currencies become worthless. Don’t think the same cannot happen here. The best use of your money is to use it now for something real, not the false promise of 10% interest per year by letting the others handle your money.

By: Closeout King

Closeout King — Wed, 03 Sep 2008 16:07:44 +0000

Thanks for the great tips. I decided to start saving money now, I’m 19. I’ll start saving now, probably spend it all on school, and then start saving again right after.

By: Steward @ My Family's Money

Steward @ My Family's Money — Wed, 03 Sep 2008 16:07:42 +0000

There really is no better time to save than when you are young. Not only do you tap into the power of compounding interest, but you also learn some valuable life lessons for later in life. If you can’t start saving when you are young what makes people think that you can start saving magically when you are older?

By: Richard @ Student Scrooge

Richard @ Student Scrooge — Sat, 30 Aug 2008 16:11:46 +0000

You’re absolutely right that the power of compounding interest makes saving money when you’re young a great idea — especially given that most young people have very limited financial obligations, and I have struggled with reminding myself this. It is hard to get over the “instant gratification” outlook.

By: "Mo" Money

"Mo" Money — Sat, 30 Aug 2008 14:30:37 +0000

This lesson is especially true for the compounding of interest. If you have 40 years to compound instead of 30 years the difference is huge. $150 a month can make you a millionaire at 10% interest if you save for 40 years and only $400,000 if you save for 30 years! Start young!