“ All days are not the same. Save for a rainy day. When you don’t work savings will work for you.” -M.K Soni. How does this pertain to seniors in high school and their financial futures? Can saving up now truly benefit you later on? Does saving up a great deal of your money save you later on down the road? What is saving, budgeting, and planning on your financial stability for your future? These are all questions I asked myself that I knew I would use in this essay. Through a set of thorough research, dedication, and thought I came up with one answer that is easy. Saving now will benefit all people, especially seniors in high school. It will help them have no worries on a variety of things, and you won’t have a hassle or worry financially. In this essay I will be giving examples, facts, and prove to you how I am right. Why start saving now, isn’t that what a job is for; providing money for my everyday life? Saving is a systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period. Imagine if you lost your job, and couldn’t pay your car payment, and/or had no money to buy your everyday needs. You start using a credit card, and end up spending so much that you cannot pay it back on time. What happens to that bill? It builds up interest, and creates an even bigger problem to begin with. Interest is a charge for a loan, usually a percentage of the amount loaned; an excess or bonus beyond what is expected or due. No one wants to build up this type of interest. It’s bad, hard on you, and can put you under a lot of stress if put aside. Think of it, if you started saving now, putting a little bit here and there in your savings, you’d build up an interest in that, not a bad interest a good interest! Your regular $500 dollars you technically put in, now will become $1,000 due to the interest the bank gives you. Tell me that wouldn’t help you at all in your life, when things go bad. Second thing I wanted to show you was college money. Tuition, book fees, room and board, are all things you need to think about when going to college. You also need to think about budgeting for your everyday needs to ensure that you don’t over spend. What is budgeting? Budgeting is an itemized summary of estimated or intended expenditures for a given period along with proposals for financing them; a systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period. Get a job while you’re in college, still apply for scholarships, but that savings you put aside to use just for college, could help you get by while you’re still trying to figure things out. However, using a budget for the rest of your life will help you even more while in college, if you get married (although may change due to more expenses), and when you retire. Think of it, no worry, no hassle, and no stress of not being able to make a payment and putting yourself into to debt. Third thing I wanted to discuss and show is after college or if you decide not to attend, what will you do if you have no job? You have no degree, and it’s difficult to find someone who wants to hire you, yet you need money to help pay for your gas (so you can make it to interviews), phone bill (so you can get calls from different employers), and many other things. Then you think to yourself, “That’s right I save money while I was in high school, and I have $700 dollars in my savings account. Problem solved. The fourth thing is basically when you are getting older. Say you used a good majority of your savings while you were in college to help you pay off your student loans. You finished college, got married, got a good paying job, had kids, a house, car, etc. You decide to start saving again. Whatever the choice is, college money for your kids, “toys” you may want for yourself, vacation money, etc. you thought about how much saving helped you in college, and how it could help again in this start of a new chapter in your life. By the time you know it, you put a little in the account here and there, the interest builds up, and there you go a big chunk of money waiting for you. Saving is by far the best thing someone can do, and it helps you so much. Although saving is a great tool, some people make unwise decisions on how to spend it. Rather than use it for good things, needful things, they spend it on pointless stuff. Sometimes, however, it can be good to start learning how to save for a specific item, but in high school set a higher goal for your savings, so that way it doesn’t just get spent on one thing that you’ll regret later on. Many people find themselves in situations that they had wished they did this when they were our age. Saving is great isn’t it? If you look at the pros and the slight cons listed, the pros outweigh the cons on an immense proportion. People, everywhere, encourage young people to start saving at the ages we are now. People who have already been through the motions, and know what it’s like to hit rock bottom. We should listen to their wisdom, and adhere to what they have to say. Savings can come in handy for so many things, and it’s our choice on how we want to use it or not. If we’re smart, wise, and not being irrelevant with what were doing with it, our lives can be so much easier, than a lot of other people’s have.