What is the best way to save money for a tween? -

Hi, I earn a fair bit at home, $10 a week plus about $20-$30 Extra for helping out and 20 Quid (Pounds) from my Nana. What is the best sceme for me to save my money and have a little to spend as well?|::::|Do you have a savings account? If not, you should open one. You might also consider opening a money market account. You might earn more interest there than in a regular savings account. Make a budget for yourself. This would be just the same as what you might do if you had a job and regular bills to pay, but will be just a bit simpler. You can make just two categories: saving amp; spending money. Decide on an amount that you MUST save every month. If you re getting $50/mo or week, maybe you will choose to save $30 and spend $20/mo or week. You can pick a number that you think is fair. The catch is that you must stick to it. EVERY month, you should deposit the money budgeted for savings. You should try not to make exceptions. If there is something that you really want, you should save your spending money until you have enough to buy it. Do not take money from your savings. Do a little research about earning interest on your money. You might be surprised how you can earn interest just for having money. The more money you have, the more quickly it grows! Once you have a little money in your savings account, you might consider opening a CD (certificate of deposit). This could work well for you because you will earn more interest and limit your access to your money so that you aren t tempted to make a withdrawl. Finally, if this money will be used to pay for college, you might want to look into various tax sheltered savings accounts - 529 plans, ESAs.|::::|don t spend it....hehehehhe Take half and put it away...in a jar in the back yard. ok no more cholocate cake for breakfast for me.|::::|I don t understand! why are you getting two types of money dollars and pounds? anyway get your mam to look after half and save it for you then you spend the rest|::::|Put it in the bank?