Build Your Financial Literacy With “Save Up”
New Online Tools Help Young People Become Savvy About Money
by Taylor Kilgore age, 17
For a lot of young people in high school, managing money can be difficult and confusing. Luckily, there is an online tool called Save Up that helps you manage your money and become more financially aware.
This program promotes good financial behaviors such as saving money and paying down debt. Participants earn credits by viewing webinars, taking quizzes, making deposits to their savings accounts, or paying down debt. These credits can be used for prizes that range from gift cards to a $2 million grand prize.
The Filene Research Institute, a Madison non-profit organization, shows that more than half the users say the program motivated them to add to their savings and pay down debt, as well as to better understand their personal finances.
Since I am a working high school student and managing my money is crucial, I have recently become a user of Save Up. After I signed up, the screen displayed a goal bar for me, showing me where I was currently in my financial knowledge and suggesting a goal to reach. I also earned credits for joining and providing my bank account information.
I have already used some of my credits to put my name in a drawing to win a gift card to Chipotle Mexican Grill. I am excited to become more financially savvy by using this interactive and educational online tool.
[Source: Wisconsin State Journal]