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Youth Savings 

Meaning

Youth savings refers to special saving plans or accounts created for young  people to help them start saving money early.


Example :

For instance, a bank account for teenagers that allows them to deposit small  amounts regularly is known as a youth savings account.


How to Understand : 

It is the first step toward learning how to manage money for young people.


Importance :

1. Youth savings helps build early saving habits, teaching kids the value of saving.
2. It helps young people understand how to manage their money better.
3. Youth savings can support future goals, like saving for education or gadgets.
4.  It encourages financial responsibility from a young age, helping them make smart  choices with money.

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