Keeping the money you’ve earned safe is important 🤝

Savings accounts help you do just that - they keep money you want to set aside safe 🦺

Think of it as a piggy bank, but much safer and bigger. 🐖

Instead of storing your money at home, you give it to a bank. 🏦

Banks have vaults and other security measures to keep your money safe 🔐

In addition to security, banks may also pay you for storing your money with them! 👀

💡Interest = the money you earn for keeping your money in a savings account

Savings accounts also encourage good financial habits since they force you to set money aside 🤔

Most savings accounts do this by limiting the number of withdrawals you can make per month 🛑

💡Withdrawing = taking money out of an account

Even though there are withdrawal limits, savings accounts are known for their liquidity 💦

💡Liquidity = how quickly you can convert something into cash to use it

Overall, savings accounts can give you peace of mind and a financial safety net 💪

Keep in mind that starting to save early, even just a little bit, can really pay off in the long run. Happy saving! 🎆