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Question: Can you help me save up for something special? My money seems to be disappearing!

Whenever you babysit, get your allowance, or earn money in any other way, write down in a notebook how much you made. That way you know how much you have and how much you want to spend.
Dina, age 11, MO

I’m really bad with numbers, which contributes to the fact that I’m not very good at keeping track of my money. However, I always make a point of picking up all the loose change I see, putting it inside a jar, and setting aside a little bit of money every time I earn some more. It adds up slowly, but slow and steady wins the race. Little by little my “savings account” will become something big!
Joy, age 15, MD

The way I manage my money is by having an ‘emergency fund’. Each month I set aside a certain amount of money that I don’t touch the entire month. That way, if there’s something I really want, I’ll have the money for it. It also makes sure I never run out of money, and I end up saving more.
Shani, age 13, CO

When you go to the mall, do not take along 50 dollars. Only take along 10 or 15. This will prevent you from spending a lot of money. The money you do not spend can go towards a new bike, or something else special.
Rachel, age 10, IN

1) Whenever you get money, give maaser (10% of your earnings to charity), and then split the rest in half: one half for spending and the other half for saving.
2) If you get less then $5 at a time, spend it. Between $5 and $30, half-and-half. More than $30, save it all.
3) Give the money you get to your parents, write down how much, and, when you are older, your parents will give you all the money that you gave them.
4) Put it in a bank — you’ll get more money that way, too!
Mushkie, age 11, NY

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