
Xenophile
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when ever you start thinking about marrige!! |
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sunny
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asap |
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Caromack
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What are savings for? Can't take it with you! |
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Wicked Witch of Yorkshire
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My father made me start saving from the age of 10. Every month I had to hand over any left over pocket money which he then went and deposited in my bank account. I think it was a good idea as I have grown up to be more responsible about my money compared to my friends (although my father disagrees)! |
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tattoomeats
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I'm 22 years old and I have been socking away tidbits of money into a high yield savings account then turning the money I save into Cd's since I was 17. I'm trying to save up enough money to put a really nice down payment on a home. |
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rachelle105210
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Your never too young to start saving money... it depends on what type of savings you are looking at... i believe to start a 401k through a company you need to be at least 21 years old, if not just go to your bank and open up a savings account. |
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Adam W
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yes!! start whever you can!! |
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cassy
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You can even start saving when you are five years...that is if you can.
Don't wait till when you are 40 + |
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9inches
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YOU DIDDENT SAY HOW OLD YOU REALLY ARE( ITAKE IT YOUR VERY YOUNG BYE SOUNDS OF ITT) BUT SRART SAVING NOW FOR YOUR FUTURE AHEAD ETC, HEY YU NEVER NOW ITS HARD THESE DAYS SAVING BUT YOU CAN DO ITT FOOR DIRE EMERGENCIES ETC, START NOW!!! YA CAN DO ITT!! |
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Kasia
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Theres no certain age, but yes the sooner the better. |
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FIONA S
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one week old |
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The Man
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The earlier the better... If you can get a 10% return you'll double your money almost every 7 years. So, if you want a million dollars when you retire at 65, You'd need the following amount saved at this age (very rough numbers):
58- $500,000
51- $250,000
44- $125,000
37- $ 62,000
30- $ 31,000
23- $ 15,000
16- $ 7500
9 - $ 3750
2 - $ 2000
So- If your parents put a couple grand in a good mutual fund when you were born you should be very well off |
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tony2708
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sooner it is better so you can save and add for your retirement |
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dsd
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Frankly I think you should start as soon as you get your first job. Saving doesn't have to be much, but put aside whatever you can manage in the event of emergencies or rainy days. My savings has managed to save me a time or two and I started saving when I was 18 when I got my first job. |
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Genio Atrapado
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when u r a child so u start having an idea of what is that about and to get used to it. |
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simboblack
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Saving in england is a myth ...... just spend spend spend and then go bankrupt ........its easy |
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dec2181
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the earlier the better..... the more you put into a savings account the more you have to fall back on. |
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sharon19833
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well ive never been one to save for a better future!whats point saving when you could get hit by a bus and die tomorrow??spend your money,saving is for boring people |
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Claudia
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yes. you should start saving as soon as you can. it teaches good lessons. I am 16 and I wish I would have started saving a lot sooner, because now I want a car, and I have to say every penny. Plus I need to save for college. |
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fourseasons
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Earlier the Better. Depends on your lifestyle basically. But yeah, 30 i feel is ok place to start with. |
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PistonsGyrl
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When you were born, your parents and family members should have started something for you on your behalf. A beneficiary savings account, savings bonds, or something else along those lines. Once you start getting your childhood job, take a small portion of it into your own savings account. (minors do have to have a parent on the account) Every penny counts, as you get older you are going to see money adding up to a really nice amount. You can use these funds for your first car, college, house or even your retirement. Many adults are struggling right now because they didn't start saving for their future when they were younger. Happy savings! |
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tracey_lisle
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Ur never too young to start saving, if u want to save then save. good 4 u. well done. |
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mthtchr05
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Start saving no matter what age you are. It doesn't have to be huge amounts of money; just start saving some money, even if it's $5/week |
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elementamigo4
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younger the better, u learn good money skills and why not? i am saving whatever allowance i get! |
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proud mommy and wife
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your savings will save your butt, the sooner the better. If you have no savings you will have to ask for help when you are in need. Save every month! |
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Tamborine
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You are never too young to start saving.
As soon as you start earning money you should get in a habit of putting a portion of your money aside everytime you get paid. If you can get into this habit at a young age, it will be much easier as an adult. |
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$hadow
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when you are earning enough to live and to safe,,, i have only just started,,, i am 32... |
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TAFF
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I think you mean the sooner the better,and yes it is! |
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Steve C
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There is no lower age as lots of banks do childrens account that children (or their parents on their behalf) can put money into - maybe money given for bithdays or similar.
Therefore the answer to this question is from birth. |
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Pravesh A
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saving is a very important prospect of once life. everyone should start saving as quick as posible. i am 22 and i started saving from the age of 5. |
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kichka_2002
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As soon as you get your first paycheck... Otherwise you always find what to spend your money on :))) |
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