Alex is a sophomore at San Marcos High School. He wants to be a contestant in the Savings Challenge because it will help him buy a new car with his own money. He knows that to win the Challenge, he would have to stop buying new fishing equipment, new shoes, new games, and stop going to the movies.
He feels that if he learns how to save money for a car, it would also teach him to take care of it because he bought it with his own money.
Thoughts or comments? Leave them here!
Check back for more applicants, the finalists, and to follow the challenge!
Subscribe to:
Post Comments (Atom)
1 comments:
Alex, I would open a start-up certificate which will pay a great dividend rate and will keep the money you put in it locked up for a year at a time. I would then pledge an affordable amount to deposit to this account each month (ie-money you won't miss or that you would spend on stuff you don't really need). Overtime I would try and save what your expenses would be to have that vehicle...or what your parents won't pay for. This is a valuable savings plan I wish I had started out with!
Post a Comment