How to save with a friend!

When you do it together, it’s more fun… and you’ll have more money

How to save with a friend!

It’s never too early to start thinking about your future. Let’s say you and your friend want to buy new books or take a short course. There’s one problem — it can be expensive. You can start saving together now.

Do it with a friend you trust and you can be responsible for each other. Tell each other your goals and write them down in your notebooks. Every time you put some money away, write down how much and on what date. This helps you see how much progress you make.

Find a safe place to store the money - preferably a bank account.

Here are four tips to help you save:

Help each other say no. Having someone else saving with you means that when you’re out with other friends and they want to spend money, it’s easier to say no because you have another friend to report back to.

Set yourselves small goals for how much you’d like to save every month. When you reach a goal, have a small treat – like a slice of cake.

Encourage each other. Whenever one of you feels like your goal is impossible and feel like giving up, you can talk to your friend and she’ll encourage you to keep going.

Help each other out. Let’s say your friend has to go to a party and needs a new dress. If you borrow her your dress, she won’t have to spend money on a new one. By helping each other out – sharing clothes and sometimes even a school lunch – you’ll able to put more money aside.

Do you have any money saving tips to share with Springsters?

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