Become a Saver! Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin. The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

Why Save? To be able to buy what you want without going into debt Pay for college Save for major purchases and expenses Build a rainy day fund Develop a personal financial/investment plan

Why Start Saving Now? Age $307,000 $74,000 Start Age

Compound Interest Year 1 $100 X 10% = $10

Compound Interest Year 1 $100 X 10% =$10 $100 + $10 = $110

Compound Interest Year 1 $100 X 10% =$10 $100 + $10 = $110 Year 2 $110 X 10% = $11

Compound Interest Year 1 $100 X 10% = $10 $100 + $10 = $110 Year 2 $110 X 10% = $11 $110 + $11 = $121

Compound Interest A=P(1+i) n $161.05=$100 X (1+.10) 5

Frugal Teen Buys House with 4-H Winnings Lindsay Binegar, 19, in front of the Ohio house she purchased with her own earnings from selling hogs. Credit: Eric Albrecht, Columbus Dispatch

Finding Money to Save

Money from birthdays and special events Get a part-time job, or do odd jobs around the neighborhood Save loose change Allowance Awards or winnings Making better consumer choices

Where do you find $ to save? OVER $900!!! Bring snacks from home for one year and save …

Where do you find $ to save? OVER $1600!!! Cut out buying burgers and fries each day at lunch for one year and SAVE…

Where do you find $ to save? Rent a movie instead of going out to the movies and save $600 per year. (Assumes 1 movie per month at $20 per movie.)

Here’s How to Get Started BECOME A SAVER Join Young Texas Saves for free, and take your first step towards becoming a saver! 1

Here’s How to Get Started BECOME A SAVER Join Young Texas Saves for free, and take your first step towards becoming a saver! SAVINGS ACCOUNT Use an existing account, or open an account in your name. 1 2

Here’s How to Get Started BECOME A SAVER Join Young Texas Saves for free, and take your first step towards becoming a saver! SAVINGS ACCOUNT Use an existing account, or open an account in your name. CREATE A SAVING & SPENDING PLAN Track your income (any money coming in), and plan for how that money will be used

Here’s How to Get Started BECOME A SAVER Join Young Texas Saves for free, and take your first step towards becoming a saver! SAVINGS ACCOUNT Use an existing account, or open an account in your name. CREATE A SAVING & SPENDING PLAN Track your income (any money coming in), and plan for how that money will be used. TRACK YOUR PROGRESS Once you’ve enrolled, track your progress towards your savings goal with the Young Texas Saves on-line tracker: “My Savings Tracker.”

Here’s How to Get Started BECOME A SAVER Join Young Texas Saves for free, and take your first step towards becoming a saver! SAVINGS ACCOUNT Use an existing account, or open an account in your name. CREATE A SAVING & SPENDING PLAN Track your income (any money coming in), and plan for how that money will be used. TRACK YOUR PROGRESS Once you’ve enrolled, track your progress towards your savings goal with the Young America Saves on-line tracker: “My Savings Tracker.” FIND WAYS TO SAVE Use some of the ideas presented today to begin your saving journey

Spending all your money on cheeseburgers, video games, or another pair of jeans might sound like a good idea today, but tomorrow… not so much.

Young Texas Saves Enroll as a saver at uth and start saving now to build wealth later. That, or get used to hanging out on your parent’s couch… when you’re uth