Uh. We encourage people in young generation they can keep a coinbase maximum people their uh. Flexibility ah. Their outstandings is easy. Uh. Way to keep the pox some money. Uh. They put so it is commonly and based of way. I think uh. I agree that uh. Openness savings account because of young people uh. They waste lots of money then they can uh. They can m. Put their money as a bank account can anytime they can anytime withdraw money. And safes uh. Influence because banks it’s a safe and safetable safety uh. Uh. Safety um. Place I think and long time saving goals. They can uh. Open the account system like that banking. Many of systems have available DP’s they can uh. Put their money. It’long uh. Time scheme. The DP s. The deposit pension scheme. The uh. Full meaning of uh. They put an. The open account uh. One year or two years student DP s account as a younger they can and uh. They had lot of benefit after uh. Two or three years. The. Their uh. Savings long time the scheme goals they are and they. And I think uh. They can um. Save money necessary things by not unnecessary buying something as a young life. Because after future they uh. Think about I need to buy savings money. Uh. If will uh. The situation we have no money then uh. We are not able to earn money some disease. Uh. So they can use their savings money. So if need to young generation obviously.
Band 4+: how can we encourage very young people to save money
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Encouraging young people to save money can be a challenge, but it's crucial for their financial well-being. One effective approach is to introduce them to the concept of a piggy bank or a small savings account. This allows them to visualize their savings growing over time. It's important to make saving fun and engaging for them. We can use games, charts, or even small rewards to motivate them. For example, we can set up a system where they earn a small reward for reaching a certain savings goal. Another key aspect is to teach them about the value of money and the importance of delayed gratification. Explain to them that saving money allows them to purchase things they want in the future, like a new toy or a special treat. It's also essential to involve parents and guardians in this process. They can set a good example by saving themselves and discussing their financial decisions with their children. By fostering a positive attitude towards saving from a young age, we can help them develop healthy financial habits that will benefit them throughout their lives.
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