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The Complete Idiot's Guide to Money for Teens by Susan Shelley

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Part 3
Smart Saving
You’ve probably heard throughout your whole life that it’s important to save money. If not, you’ll hear it here. The more money you can save when you’re young, the better off you’ll be later in life; and the more options you’ll have when it comes to buying a car, or a house, or helping to pay for educational expenses.
 
What you’re able to save, obviously, is based on how much money you earn and what your expenses are. For that reason, there’s no magic formula for saving. Everyone has different circumstances.
 
Regardless of the amount you’re able to stash away, you need to know the best vehicles for saving, and how to make the most of whatever money you have. In this part, we look at different kinds of savings accounts, and ...

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