Saving is when you take a portion of your earnings, and instead of spending it now, you park it away to use later. Your earnings could be from a job, freelancing, or a business. It could also be your allowance, or chore money. The money that you park away for the future is your savings.

For more information, please check out: What is Saving? A Simple Explanation for Kids’ Financial Literacy

Easy Peasy Finance for Kids and Beginners
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