In view of the economic situation in the country, there is the need for everyone to save for future use. As children and youngsters we all need to cultivate the habit of saving so that we can also assist our parents to buy some of our personal needs. This will reduce the financial burden on our parents.
Saving is the art of putting money aside for future use. Most schoolchildren do not often save the extra money they get from their pocket money for school. They use most of the money they have to buy toffees, biscuits, ice cream and other things which are sometimes not good for their health.
I believe that no matter how small the money is we should be able to save part of it, and gradually it will become a huge amount which we can use for something meaningful.
Once we have some money saved, it would prevent one from borrowing because in times of need you can fall on that money. As youngsters, we should desist from borrowing from our friends because if it becomes a habit, one could lose his/her dignity. It is likely that even that habit could destroy friendships as those you go to borrow from might not be happy giving you money all the time.
But if we all cultivate the habit of saving as young people, we would learn to be responsible with the use of our money which would be good for us in the future. This is because we can also use part of the money to further our education, purchase essential books and other things for our personal development, which our parents at that time may not be able to provide for us.
These days the banks give children the opportunity to save their money with them. Children who are not yet 18 years can have their parents open bank accounts in trust for them. We can also have money boxes at home and drop any little money we have in them, especially when visitors come to our homes to give us money.
Apart from saving the money for future use, we can use some of it to buy the Junior Graphic or magazines to broaden our knowledge and improve on ourselves.
I have learnt that most of the banks which have accounts for children provide good interest on deposits paid into those accounts, so let’s take advantage of that and save money now for the future.
