(New) The Importance of Saving at a Young Age | From A Business Professor
Vložit
- čas přidán 14. 06. 2024
- Saving doesn’t come naturally to most of us. When you’re young, it’s especially hard to grasp the real value of money. You might watch your friends blow lots of cash on new cellphones, luxury handbags, or stylish cars; they may also live beyond their means with credit. “Young invincible” might feel like they have no reason to save their money because all of their needs are met. In other words, why not live life to the fullest while they can?
However, once you leave college and face the real world, you will quickly begin to realize how difficult it is to earn money. You will also learn how unpredictable life can be. Without savings, it’s hard to live a stable life as you get older. People who start saving when they are young put themselves at an enormous advantage as life goes on.
Today, I am going to give you 5 reasons why starting to save your money at a young age is important.
Saving money in general should be in our priorities top 3. You want to live a life with no worries even when things go south? Simply save and have an emergency account. Saving at a young age will help you tremendously in life. The money you’d save, the more control you’ll have of your destiny as the video states. Not everyone may have to luxury to save much at the time but we all have the option to learn how to save more and get better at it… only thing separating is you may have to go through longer than someone else but in the end you put in the work and now you’re enjoying the results💯
Saving as a young person in college is absolutely challenging when you consider all the other possible variables as to why someone might not be able to save. Not only do you have those who think they have it all together, but some simply can't save because of their environment. It's not like every young person is living with their parents or can even take out a student loan (some aren't eligible). This was an amazing video on why young people should save and I'll definitely work on it.
Growing up without financial security and seeing my parents struggle is the reason that I am able to save my money. It has been burned in my brain to save money as much as possible from a young age. When I get the urge to spend money on random things I know I do not need, I take a moment and pause to think what this money could go towards in the future that I know I need. This video was a great reminder that saving money pays off!
This video reminded me of my friend’s dad. He is a major reason why I am on the path that I am on. As my friend and I were getting close to graduating highschool, he walked us through a personal finance program and matched our contributions to an emergency fund, that has grown since getting out of highschool and starting working. Being able to tap into that emergency fund helped when I had to take a bit of time off of work due to an overwhelming course load.
When I started working at Chick-Fil-A as a teenager, my boss would always stress the importance of saving and investing. My owner saw it as his duty to look out for his team members and to educate them on how to operate their finances in a better way. Ever since then, I started saving more and it has already helped me so much. This video confirmed the information that I knew. I think saving is very important.
In middle school, I took a money matters class where we basically just watched Dave Ramsey videos. While most of the students didn't pay attention I was fascinated by how you can make so much money by just starting to invest early in life. In fact, it's what made me want to become a finance major, the fact that so many people aren't taught how to take advantage of saving money at a young age is ridiculous. Watching videos like this reminds me of those days back in middle school and I hope that someone sees this video and it completely changes their perspective on life. -James Dixon
When I was young my parents always told me if you want to have a relatively debt free life I need to start saving so that I can have the money to stay on top of things. I did just that and because of this at 25, I have no student loans to pay off, I just recently paid off my house, and I just paid off my 20 acre property. This video is extremely important because it gives you the insight you need to get on top of things and makes life easier down the road.
I have always learned that saving your money is so very important. Thankfully, since I was young, I have always been a saver with my money. Savings are so important because you never know what is going to happen. Occasionally I catch myself wanting to open a new business but realize that I can't always start it due to not having enough money. Saving money could help me tremendously in this situation.
Saving is important, and this video shows why. Learning about compounding interest was a game changer for me. My parents didn't know about it when they were younger so they made sure we did. Starting early and putting what little money I had into places where I was getting a return on it, has caused a solid wealth increase for me. It's nowhere near where the video is at, but even just doing a little bit each month for the past decade has seen it grow pretty substantially.
These kinds of videos are incredibly helpful for college-bound young adults. I really like the focus on not just understanding how to manage a business but also understanding how to manage your life, which is something that some business classes do not feel the need to address when they are talking about merely operating a business. One of the best things a young adult can do is open a savings account.
From the time I could remember my mom has always instilled in me to save my money and to start early doing so. I never really understood why, mainly because I didn’t grasp the concept of money but not that I am older I have more knowledge and know why she told me to save. I think one of the most important things about saving money is, you have more freedom over your future decisions and you never know when an emergency will come up and you might need that extra money. I think saving is a very important thing to start doing at a young age and to start training yourself for when you get older. I found this video to be very helpful!
As a business student, it is important to understand the importance of saving money and how it will benefit you later in life. Saving so that you will have an emergency fund is something that I have done for a long time now. This helps when you need that extra to help you get by or if an unexpected situation arises that you did not budget for. Compound interest allows you to make money on your money. Depending on how much you can save, you can reach your financial goals by utilizing the benefits of compounding interest. These are great concepts to implement and benefit from.
All throughout my childhood I always heard my parents talking about saving money and not spending money just because you have it. As i grew up, they taught me how to save my own money and to be responsible with my purchases. They taught me the difference between a want and a need and I have carried that with me into my adulthood. I think this video would be very beneficial for all teens and young adults to watch to learn how to be responsible with their money.
Videos such as these are so beneficial to young adults in college. Some business classes do not feel the need to touch on such important subjects when they are talking about solely running a business but I really love the focal point of not just understanding how to manage a business but understanding to manage your life. Starting a savings account is one of the best decisions a young adult can make.
I really enjoyed how this video stimulated my thoughts on saving. I have been taught by both parents and friends how important it is to save while you are young and I have been good at keeping a good saving plan and managing my budget. However, there is always the thought of "I want to get the nice sports car while I'm young" or " I want to buy this item because it's popular". I am thankful for this video, as it helped me reassure I should be focusing on my savings while I am young and limit the amount of wants I have on my mind.
I believe being young and blowing through your money is where a lot of college students have trouble. I keep a finance journal to try and combat this stereotype. Every pay check I put 20% of it into my savings account, then take out what bills I have (currently my car payment and my cats medicine) and whatever is left i can spend until my next paycheck. Every few days I go back into my journal and take out what all I've spent so I always have a good idea how much more I have left. :3
Coming from a family raised by a single mother, I saw others have certain things that I did not have made me realize that I wanted to be "rich". I started saving as soon as I working, and it has really allowed me the benefit to do what I wanted. I learned that saving was important from my mother. I have also learned that where you save your money does matter as well. Since I was able to save more than six months worth of bills, I was able to quit my job and pursue a job that I actually wanted.
As a young girl, I was constantly hearing about the power of saving. Little did I know at the time that having money in a savings account really is not the best option. Compounding interest can work in your favor when it comes it saving. Truly when you are young, every single year you start saving can make an immense difference. Having the means to save is a privilege but if you have the means then possessing self restraint and budgeting can be a game changer. This video was very well put together and taught me a lot. This was a great video!
I think this is my favorite video yet! I was just talking with my family about how I want to start to invest and have my money work for me when I am older. I truly hope and believe that may hard work will pay off in the future. As a student and full-time worker I definitely want to be set and and secure when I graduate. I have learned to be financially stable and the basics of money management and these video just confirm that professionals know what they are talking about. I relate to this video on so many levels, so glad I watched it today! Great Video!
As a child, my parents always stressed to me the important of saving your money and paying attention to how much you spend. Because they stressed this factor to me, throughout high school jobs and early college jobs, I have put the money I have earned back into the back and used it on my education. I am now a senior in college with only one semester left and I am debt free. It takes discipline and I feel relieved to not have student debt so in the long run it was definitely worth it. I really enjoyed this video lecture!
As a young business student I could not agree more with this video. This video completely matches my mindset because even though I am young I like to save money and plan for my future instead of blowing it all and have a "good time". This doesn't mean I don't like to go out and spend a few bucks on a good time, I just don't do it too often.
I have definitely been in a position where I thought “why save when I don’t have anything to worry about right now?” However, as someone who personally believes in saving and being able to fall back on “emergency funds”, I would definitely say that saving should be a top priority for everyone. Saving something is so much better than not saving at all. Even just trying to save a small amount like 10% of each paycheck will go a long way in the long run.
As a college student, this is yet another excellent educational film. It emphasizes the importance of saving early in life in order to achieve greater financial independence later in life. It provides you a huge advantage in life to get started as soon as possible. Watching this video also inspired me to get started now rather than wait until later. Thank you for generating these films; instead of reading straight from a textbook, I prefer to watch them.
The thing about being successful is that we do not want to have financial worries and just being more educated on saving is something we should've learned in school. We really do need to take advantage of compound interest. I never knew this was a thing but its very beneficial that there is people that are showing us!
This video helped me understand the importance of saving when you are young. The most important reason for me is to pursue financial freedom. If I save now I can eventually have my money start to work for me. A huge goal for me is to retire earlier in life and not have to work for someone else for the rest of my life. If I follow this videos advice, I will not only have a higher chance of reaching this goal, but I will have a strong emergency fund, stress less about finance, and be able to take advantage of compound interest. Also, I find the structure of these videos to be very helpful. Going through each reason to save young and then adding a summary with the main points at the end helps me remember the content a lot easier. I think one thing that could help these videos is adding the summary slide towards the beginning. So after the video intro, you could add the same slide as the summary and preview the points before going into each of the main points. This could help viewers remember the content even better.
Saving at a young age is so important! The reasoning for saving money is huge. I liked the point of being able to pursue my dream career. I have never looked at it that way. That reason is very eye-opening and gives young people a huge reason to save. Also, stress is something that all college students endure. The lowered amount of stress that comes with saving money is great. I really enjoyed this video!
I thought it was very ironic before even watching this video, that my comment on the previous video had to do with starting to save at an early age. I completely agree that it helps with later stresses and sets you up for a more prosperous future. My parents have always had preached about keeping my money in a place where it can grow and to know that life can throw you curveballs and you made need that money that you have been holding onto. Compounding interest is such an important idea to understand as you become an adult and want to compound your money that you start with over time. Great video!
My parents always told me, "Make sure you save money. You're going to need it one day." Which seemed interesting to me, but I never really bought into the idea. However, as I have gotten older and heard wisdom like the wisdom taught in this video, I've been rudely awakened to a vast financial reality... Save ya money.
Growing up a member of the Boy Scouts organization, it was emphasized very heavily to "Be Prepared." Accordingly, the section reccomending saving for emergencies really resonated with me. Being a very important tool, cash on hand ought to be a big part of emergency preparedness so that a car accident, layoff, injury, etc. while tragic, does not become an irrecoverable disaster, as it can be for many people.
When I was in college, one of my instructors told the class to start saving part of our pocket money, but the whole class laughed at him. What he told me made sense, and I can see how it has been helping me today. Starting to save money, especially in a compounded account, is very beneficial. Thank you for this live coaching video.
This is another great video! I found the 5 tips on saving to be helpful and reasonable. Finances are a sensitive topic for many and can cause a lot of stress. Saving money, especially when you are young, can help make your future life easier and less stressful. These videos do a great job of highlighting the main chapter concepts and clearly explaining them. I think I benefit by hearing it discussed while seeing it written and/or illustrated.
My parents instilled in me as a child the value of saving money and being mindful of your spending habits. They emphasized this point to me, so I used the money I made from my high school and early college employment to fund my education by reinvesting it. Now a senior in college with just one more semester to go, I have no debt. In the long term, it was definitely worthwhile because it requires discipline and I am pleased not to have student debt. This presentation on video was incredibly enjoyable!
I had very little knowledge of how to properly handle finances growing up. It didn't really hit me until I moved out when I started my first year of college. I realized quickly that I was not financially stable. I ended up having to get two jobs just to cover the bills. I learned that I needed to change my spending/saving habits. Although it was a low point in my life, I'm very grateful for the lessons it taught me. Now, I can comfortably pay for my own bills, attend college, and have some extra cash to spend. I try to be mindful of not spending more than I make, and made it a habit to put money into savings every time I get paid. I'm "paying myself" to achieve my future financial goals.
Great video! My grandfather taught me at a very young age how to manage my money. I have been able to utilize those tools throughout life. Like explained in the video, I always save my funds for the future because you never know what could happen. My financial obligations don't seem as stressful knowing I am prepared for the interest. Aside from setting funds aside, I have been able to save money and earn interest on it. Taking the money you earn, budgeting and diversifying those funds are very beneficial.
Since I can remember, my mother has always taught me to save my money instead of spending it on wasted materialistic things. Because of this, I have a great savings account and an above average credit score with no debt while all of my friends are struggling to not drowned in their credit bills. I’ve also been put in a situation where I had to find new housing and because of the money I had saved I was able to do so.
I have always been taught how important it is to save and this video just cemented how important it is. The things my generation tends to blow cash on will soon be a garbage cans as we look for bigger and better things. Instead of spending our money on junk we don't need, it is so important that we instead save it for emergency situations, our future, and our loved ones futures.
This video was very encouraging to anyone who may struggle some with saving. It explained the real importance of saving from a young age. My parents taught me from a young age to save my money and live within my means. There are a lot of people in the world who make 100 K a year but live paycheck to paycheck because they want to impress people with expensive big ticket items like new cars, boats, vacations, ECT....
It is very important to start saving at a young age for many reasons... as listed in this video, emergencies, accidents, wanting more out of life. If you do not put money back or unable to put monies back, what would happen in an accident or emergency? I know people don't think of this when they are young but it is very important to think about this and start as early as possible. We never know what is going to happen or when. When young you depend on others but others will not always be there. But you are only responsible for you in the first place, but as you get older you realize that. Very important to think about you and what you want out of life at a very young age.
This video has been incredibly enlightening for me as a college student. It has emphasized the importance of saving money early in life, something I hadn't fully grasped before. The five reasons presented for starting to save at a young age make a lot of sense. Having the financial freedom to pursue my dream career and the ability to handle emergencies without stressing about money are both compelling reasons to start saving now.
In my opinion, videos like this should be shown to all college/high school students. Saving from a young age is probably one of the smartest things one can do. Everyday, I thank myself for being 'smart' with my money and saving most of it.
I have always been a 'savor'. A lot of people call me stingy but I like to spend my money SMARTLY. This act has allowed me to own my car, house, and credit cards without a co-signer. The mentality to SAVE has allowed me to have a great credit score at such a young age. I like to save about 30-40% of my salary. This allows me to live comfortably but still have a significant amount of money in my savings.
There is a lot of information in this video that will be useful to college students. Saving money can be difficult, so I am grateful for having been raised to value money. As a young adult, I also think it's important to surround yourself with financially responsible people. When you are surrounded by people who don't always emphasize saving and make you feel pressured to spend, it is easy to waste money and fall short on your financial goals. Finally, compound interest is a fascinating concept! I'm taking a finance course as an elective and I'm looking forward to growing financially.
As someone who works full time, goes to school full time, and lives on their own money is a constant worry. Currently i live check to check trying to pay all my bills and pay for school. However, i do understand the importance of savings and have a little money set aside in case of emergencies. My mom made a big impact on my life by having money set aside when i started college in case grants or loans would not be enough. I thoroughly enjoyed this video and think it should be shared with everyone.
This is great video for college students. Saving can be really hard, so I am grateful that was raised to appreciate the value of money. As a young adult, I also think it's important to surround yourself with people who have financial responsibility. It's easy to waste money and fall short on your financial goals when you are with people who don't always emphasize saving and make you feel pressured to spend. Lastly, compound interest is fascinating! I'm taking a finance course as an elective and I'm excited to begin growing financially.
From a very young age I was aware of the importance of saving money. I grew up showing 4h animals, and was able to make a good amount of money at the end of every summer. With that, it was known that I was supposed to save that money in order to now be financially stable on my own. I also learned how to budget, how to decipher between a want and a need. I also was able to learn to put the big payments and necessities first, and if I had left over then I could spend it on other things. I think it's important for everyone to learn what saving truly is from a young age so they can be in a good place when they are older.
I grew up with divorced parents, so living with just one parent most of the time helped me learn to saved somewhat budget my money in smart ways. I think also watching the generation above us not save when they were younger and end up in a 9-5 that they're unhappy in really inspired me to start saving right when I'm able to, rather than spending all my money in college on going out and doing things. While I still do occasionally, there has to be a balance. The part in the video about emergency expenses was a good thing to think about, as some of us young people don't always take that into account.
I agree that saving at a young age is important, and that it can often be difficult to get into that mindset. This is especially be the case in such a consumer-driven society where value is perceived as ownership over "the right things" at "the right time" (now). The here-and-now mindset has an impact on overspending and can turn otherwise frugal consumers into irresponsible people, those in many cases addicted to the feedback-loop of product consumption and low retention rates. Good vid.
My parents always saved up their money and advised me to do the same. As a kid, I never realized the importance of it, but now that I'm older, I see how important it truly is. Great Video!
I really appreciate that you have share the video about the saving money at young age. There are many students I have discussed about saving and very few knows about different way to save money and advantage of saving money earliest possible. I would suggest, have couple of saving accounts for different reasons (emergency, education, marriage), invest in stock market (variety of industries - oil & gas, airlines, tech, pharma, etc.), 401k, HAS, FHA or any tax saving accounts. Save or invest any extra money comes in your pocket, cash tip, tax refund, stimulus money. These saving accounts will help at retirement.
When I was young my parents have taught me to save money in the best possible way. They taught me not to spend it on unnecessary things. These life lessons have helped me now because I save a lot of my money and spend it when necessary. Saving money during college is not a struggle for me now mostly because when I work I try to put most of my paycheck in a different account so that I know not to spend it.
It's very important to begin saving at a young age. I've had classes at school and family that would always teach me that I need to start saving as soon as possible. I was always taught to have an emergency fund because it never fails when you, unfortunately, have to dip into your savings. As an adult, I've definitely learned this the hard way.
As I was growing up, my parents were very big on saving and being financially responsible. Today, I have many advantages because of this. My car is paid off and I have zero debt. However, this was only achieved by saving money and not living a "rich" lifestyle. I am currently a junior in college and I am still debt free. This comes by hard work and discipline which is lost in our society. Many people now days want the easiest best things, however they end up in huge debt.
This video was really interesting because it relates to my life right now. I’m a Junior in college with a part-time job and I haven’t been that great at saving my money. I don’t make a lot of money because I usually have a lot of homework, and that takes up a lot of my time. Most of my money goes to rent and bills, so the rest goes to food and activities. I’d love to start saving more because it stresses me out when I start thinking about how close I am to graduating college and being out on my own. This video is very encouraging to young people who are learning how to save!
One of the persistent thoughts growing up has always been, how do I handle finances on my own when I'm older. In the video, it highlights the importance of saving and why we should start saving young. It's such a necessity to learn these things and I think the video explained it all really well.
Thankfully I have been taught to save for many years now. Although saving seems like such an obvious thing to do, it is really underappreciated and not talked about enough. The compound interest segment is a great addition to the video, and I haven’t seen it mentioned since the first business class a took a couple of years ago. I think the stress factor is another great point. Stress can already come from many different sources, so being financially stable is a must.
Saving money can feel like a tough task when you want to spend it on eating out, trips with friends, and expensive clothes but it really will pay off if you decide to save more and spend less over time. I think the most important takeaway from this video for me is compound interest. It may not look like much a year from now but over twenty plus years that money will have turned into a much larger sum that can be put towards bigger expenses such as a house or a car.
I started college at a later age, but I will be graduating next May. Some of the classes I have taken are geared toward younger students. I had to try and relate to this age group as I went through college. This video helped me to relate to this age group through emphasis on main points through writing and pictures. Although I am getting a late start, I can still proceed to save more and have a fairly decent retirement at a later age. Overall, the business school 101 videos helped me to learn more than I would have just reading a textbook.
Saving at a young age is a principle I was always taught ever since I started making my own money. To be honest, one of the reasons why I have done so is because I plan to attend flight school to become a pilot. Now granted, the only reason why I am able to save all my money for flight school is because my parents have agreed to cover the majority of my basic costs and expenses (phone, insurance, medical) until I am finished with school and have a stable enough job to transition over on my part. This has taught me how frugal to be with money. I try to work as much as I can, and choose to spend my money on absolute necessities only. I know that in the long run after all is said and done, this will only set myself and many others who are in the same position up for success in the future. Due to the explained factors presented in this video of which can arise if one has not saved their money wisely, it is important that the youth begin to learn how important and crucial saving really is.
Ever since I started working in high school, my parents always made sure I was saving some of my money and not spending it randomly. I am very thankful that my parents instilled in me the importance of saving and financial independence. Now, I work and am able to pay for my own things and be responsible about my money usage and I know sadly not a lot of college students can say the same things
It is extremely important to start saving at a young age. As a kid you don't really think about how things will get paid or bought. You either have it or you don't, and growing up it was typically the don't side of things for me. I learned at an early age that if you want anything, I'd have to work and save those coins for it. That has been seen with my schooling as of recent. School is no where near cheap.
My family has always been very aware of financial situations, and put a big emphasis on saving money and always being prepared for any emergency situations. I know many friends and family members that never save any money and live paycheck to paycheck, This is a normal way for young adults to live. I think learning how to save money as a young adult is a concept we all need to fully grasp, as it sets you up for having a good relationship with money, rather than feeling stressed and eager to make money quickly to be able to buy or do the things you want.
I think that a lot of youth these days are heavy consumers, who would spend any cent of the money they have on their interests. That includes me, so watching this video helped solidify what it means to be a working adult in the real world dealing with all sorts of financial crises.
To save early is critical, but I think knowing how to save AND spend money efficiently should be considered when it comes to finances. If you only save without any regard for enjoyment, then you will feel as if you're wasting precious moments now to enjoy than in later years. There should be a good balance when it comes to handling money, PERIOD.
Saving at a young age is so important, but even if you aren't young, you can still start saving now. The hardest part about saving is being disciplined enough to do it. When I was young, I would take 100 dollars from my check each week and put it into savings before anything was paid. I learned to never count on that money for bills or entertainment. It also helps when you are married if your spouse is on the same page. The savings add up quickly. I enjoyed the video lecture and appreciated the contents.
I never had much idea on how to save money because my parents always handled the finances on their own. Now as i've gotten older they have taught me way more about what do and what not to do. I have now had a few jobs and understand what they're talking about when it comes to money but i am very thankful for what they have taught me.
Loved the tips and reasons for how and why to start saving at a young age. It's definitely hard right now as a college student to think ahead when we're mostly worried about classes, projects, graduating and etc., but all the reasons pointed out in this video (buffer, stress reduction, or freedom) are definitely making me look at the long run.
As a college student, even though we are all strapped for money, being able to save now is more important than ever. As things have proven recently, work, social security, and lifestyles are never 100% safe from the changes in the world. Being able to save, whether for a rainy day or for retirement, is paramount. It will allow for exponential growth, even though small, to be able to grow into something larger than you could have ever realized.
Growing up, my family lived paycheck to paycheck. We did have savings, but they would eventually be spent for emergencies. This video gave great tips on what to expect if I start to save while I’m young. The tip that stood out to me was that compound interest really does help in the long run, so it's best to take advantage and start saving as soon as possible. This video motivates me to continue to save!
Such an easy to understand yet extremely informative video. I had heard it before that saving at an early age can benefit us the most than starting older but I had not thought about many of the reasons that are explained in the video. I really enjoyed learning about where to put your money to make it grow and learning about compounding interest. So informative and so straightforward!
I find this video extremely useful. When I was in high school I worked at a fast food restaurant, but I never saved since I was pretty much taken care of by my parents while in high school. I look back on it and wish I would have saved at least a little bit, but I am also glad I got to experience the freedom of spending while I could. I will start saving now while I am in college though, so I can hopefully have some money in the bank before I graduate.
This is another great informative video as a college student. It really touches on how important it is to save early on in your life to gain more financial freedom when you are older. It really gives you a head start in life to start as soon as you can. Watching this video also gave me some motivation to start now rather than keep waiting to save. Thank you for making these videos, I prefer it rather than reading straight from a textbook.
This video is very helpful for young age people. It inspires me to save my money for my future. After college, we face the real world and like the video says it is hard to be stable. I started saving after high school and I am glad I did because emergencys happen all the time and you need money fast. Great video!
I relate to this video a lot, especially since I am an independent college student that does not really ask for hand-outs or money from family. Since I have to come out of pocket for a lot of things, it is very hard to imagine that I can just buy me a nice house after I graduate. However, I have always valued saving, so at least I can say I have a start and not any money at all. The pandemic was a good example of people being caught off guard by not having enough money saved up for bills, especially small businesses, saving is very fundamental, or learning how to make money off of your spending is important as well.
As a teenager, my dad started talking to me about how important it is to start savings early in my life. Now as an adult, I am glad he stressed the importance of money to me. The earlier you start the more you have later on in your financial life. Having money in savings for emergencies and fun is always a great idea to be able to stay ahead in life.
I needed to hear this video, personally, I am not the best at saving even though I know the consequences of that. Saving at a young age contributes to financial independence and freedom in the future. It provides individuals with the flexibility and security to make choices based on their personal preferences rather than being solely dictated by financial constraints.
It's important to note that saving doesn't have to be limited to large amounts of money. Even small, consistent contributions can add up over time and make a difference. Starting early and developing a regular saving habits can lay a strong foundation for a secure financial future.
I really enjoyed this video! When I was very young and started earning money, my dad had me divide my money into savings, spending, and giving. I really hated this when I was young because I just wanted to spend it all, however, now that I am in college and see how much it has grown over the years, I am very thankful. This has made me farther ahead in many ways.
I think this video hits so many great points on why it is important to save! It reminds me of Dave Ramsey. Especially the part that talks about an emergency fund and investing in your future as well as your children's future.
I was taught that saving money is very important when I was younger because it will benefit me so much in the future. Since moving to college and being on my own for things I need, I realized really quick, then when I get paid I have to save so I can afford to get the things I really need. It takes a lot of discipline, but it definitely is worth it in the long run.
I was never taught the value of saving money growing up. Finances were something we did not talk about so as an adult I had no idea the value of a savings account. It is sometimes easier said than done to have a savings account, especially right now. It takes discipline at any age to save past your needs but it is so important.
From a young age, my parents have always stressed the importance of saving from a young age and even on a lower income. I think the most important factor to me is that saving can help with stress reduction in terms of finances. Saving early on can help you achieve financial security and freedom to pursue of your dream career and lifestyle. To me this is very important as I get closer to choosing a career and I now know that saving early on can give me to freedom when choosing a career.
As a college student, it is really hard to keep money comin gin because of all the things you have to pay as college student . Also, my parents are financially stable to be able to save money whenever i was young so its all on me to pay all my bills. Which this video does teach you how to save in a right way because i stopped so many ways how i stopped spending on things i did not need and it helped a lot because i had more money left over.
I definitely know a lot of people my age who do not value saving and were not taught the importance of saving. I was taught from a young age to save a portion of every paycheck I receive and put it aside for later and recently have even learned about investing that savings. But I know for so many people that was never taught and most people do not even have savings account. This video was very eye opening and taught me a lot about how important it can be to start saving money at a young age!
This is an important video for me since I am a college student. I've always understood how important it is to save my money, but I haven't always done the best job of spending my money on unnecessary things. This video can give someone a little extra motivation to save their money because it really will make a difference in the future for all of us.
My husband and I have spent the last 6 years trying to become debt free to be one step closer to financial freedom. It has taken discipline and it not easy and wished we had been taught all this at a young age. Thanks for this video! It has great tips for money saving and I can’t wait to teach my children!
Key points made young people need to start saving it helps, trust me I have been saving since I was 18, and I am now in my 30's and have enough money to last me for years. I know some people find it difficult to save but training your brain to not just spend because you want something, instead look at it from a different perspective, for instance, saying to yourself, do I need it? Having money for emergencies is a huge plus because you never know what can happen, so saving that extra cash takes off the stress when you run into an emergency. Yes, lastly, let your money work for you; that is the most significant piece of advice I have been given from some mentors I knew growing up. I have been doing affiliate marketing for a couple of years now, but having the discipline to learn and the patients to see results is key to letting your money work for you. Excellent video lots of young people need to understand that money is hard to make and that if you are determined enough to set your life up for success, you will see results.
My parents have always taught me and my brother to save 10% of what we earn. I'm so glad they taught us this because I did not realize saving was not as natural to people as I thought. I feel like everyone should make this a habit even if it's hard because you never know what could happen. Everyone should have money set aside and have wiggle room for emergencies because if not, you could spend your life being in debt.
I wish I knew this information when I first graduated in 2005. I had explained the importance of saving to my children. It's never too late to do what you want in life but they will definitely need to start young. My 14 year old gets it and has already began saving. My 13 year old still needs to work at it.
My mom raised me alone and earned a pretty low salary, so we never had much "leeway" in our budget. I recall how agitated we would become when an unexpected payment arrived. My early years were really challenging for me. My mother and I were just discussing how when I'm older, I want to start investing and making my money work for me. I sincerely hope and trust that my efforts will eventually be rewarded. I want to be set and secure when I graduate as a student and full-time worker. This video might be my favorite so far!
I would say this is one of the most important things to learn at a young age. This video show how important it really is. For myself ive never really seen anyone in my family save at a young age. I have seen the impact of this. This is something that i wish i was taught when I was 18 or 19. This is a great video.
Saving money is always a good thing, as a college student who is avoiding debt at all cost I understand why saving is so important. Creating a budget and staying within the budget takes much discipline. I have had an emergency fund, college fund and other savings avenues I have found if you budget it right and act as if the money isn't there it is easier to avoid spending the money that needs to be saved.
This video benefits me a lot as a young student who is trying to figure out what I want to do with my life. Saving up is very important, since I want to achieve financial freedom, so that I can do what I want, and money is not the most important thing to me, but it is necessary to live a good life, so having savings in the bank is good for moments that you don't know can happen. I love the simple explanations and animations too!
I would definitley say that I was once one of the people who fell into the "young invincible" category. I was not very smart with the money I accumulated when I was younger and I am having to pay for it now. I am 32 years old and trying to finish my undergraduate degree but I would not trade it for the lessons I have learned to get me to where I am today. When I graduate this spring, I will have the ability to have a career in my desired field and also start saving money for myself and my family so that all the bills are payed and we are also saving money.
Johnny McCormick
Great video, thanks for sharing! I think that financial discipline = financial freedom, meaning if you can keep from getting the latest phone, the new car, and/or just keep from wasting money overall and instead put your money in places that serve you in the long run it will make the later years of your life, your spouses life (if you have one or will have one), and also, your children's lives easier and more fulfilling. It's not so important to focus on getting rich, unless money is what you want to devote your life to, but rather it is just more about being responsible and disciplined with what you earn.
As a business major student and athlete, this video really helped me understand why saving money is very important. The five reasons to save money really helped me understand the importance to do so. It will leave me better off down the road and I will have more control with the money I have saved.
I have never taken saving very seriously until about a year ago. Once a month I moved a portion of my paycheck into a savings account and have been consistent with it. This has taught me how good it feels to not waste my money away and have it in store for emergencies etc. I want to continue to save constantly and begin taking advantage of compound interest like the video mentioned!
As a college student who works full-time goes to school full-time, isn’t a sorority and lives on their own. I have to make sure I am very particular about my money. Currently, I do not have a savings account that I would like to have but I realized the importance of it, and so something is overall something is better than nothing. I would love to make it better and even have multiple potentially one day over specific things. I feel like this video is super important for people to watch and see the benefits of having a savings account.
I enjoyed this video and found it interesting because I relate so much to it currently. It can be challenging to be financially responsible when you're young, but the decisions we make during these times are crucial to our adult lives. I do believe it is important to save when you're younger because you don't have as many bills or responsibilities at this point. After seeing this video, I hope to commit myself more to putting away as much as I can.
It wasn't till I got older that i realized how much you really need to have saved up to retire and keep your same standard of living. Most people will usually start saving when they get older but it isn't has much time or as much money that they need. It really is important to start saving up and investing / starting a retirement plan.
I found this video informative, easy to understand, and relatable. I also agree with the reasons to start saving at a young age that the video listed. I have been saving since I was a little girl and slowly began to understand the importance of it. However, it wasn't until I was in my freshman semester at the UTTyler taking Economics that I realized the enormous value of investing in compound interest at a young age. Though I have been saving the majority of my money in the bank, I noticed that is just simple interest, and it doesn't benefit me much in the long run. Now that I am a senior at UTTyler and about to graduate, my focus is on finding ways to invest in compounded interests. Thank you for this video it was a helpful reminder for me to start looking.
I agree with the statement that we should learn to start saving a young age. I learned that I wanted to work very hard for everything that I have so for a few years I worked two jobs so that I could easily pay for my college and everything for me to live day to day. I wish that I would have learned to start saving as soon as I got a job at 16. If I would have known, I wouldn't have wasted so much money on things that I really didn't need and it would make life now easier.
As a business student, I think this is extremely important to learn as most people either never learn about it or they learn about how to do it properly when it is too late. And seeing as how no one teaches this in school I think it id extremely important.
As someone who has personally had to dip into my savings during an emergency situation, I found this video to be extremely insightful. It does an excellent job of highlighting the various advantages of saving at a young age. Not only does saving early allow us to invest in our future, but it also provides a much-needed safety net, especially given the current financial and socioeconomic uncertainties we face. Having experienced the importance of having savings in times of crisis, I fully understand the value of starting to save early in life. This video effectively conveys the significance of building a financial cushion and emphasizes the crucial role savings play in navigating today's turbulent world.