Comments on: Money Tips for Teens http://freelancefinances.com/money-tips-for-teens/ it's amazing how easy it is to save money when you just stop throwing it away. Thu, 06 May 2010 06:11:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Renohttp://freelancefinances.com/money-tips-for-teens/comment-page-1/#comment-113 Reno Wed, 02 Dec 2009 23:47:54 +0000 http://freelancefinances.com/?p=139#comment-113 Thanks for this post, Alan! I'm also a Canadian teen, two years older than Gabrielle. I'm currently saving up cash for a school Europe trip in March, but I have a part time job and another assisting with computer classes (I also have a chequing account). I've paid off the actual trip, but I still need to save about $800 more for spending. Uh...not really sure why I'm telling you this; I guess I just felt like sharing my financial situation with a fellow teen Canadian XD Thanks for this post, Alan! I’m also a Canadian teen, two years older than Gabrielle. I’m currently saving up cash for a school Europe trip in March, but I have a part time job and another assisting with computer classes (I also have a chequing account). I’ve paid off the actual trip, but I still need to save about $800 more for spending. Uh…not really sure why I’m telling you this; I guess I just felt like sharing my financial situation with a fellow teen Canadian XD

]]> By: Gabriellehttp://freelancefinances.com/money-tips-for-teens/comment-page-1/#comment-112 Gabrielle Tue, 01 Dec 2009 14:47:41 +0000 http://freelancefinances.com/?p=139#comment-112 Hi Laila! Thank you very much for that. However, Desjardins's youth savings account has a 1.4% rate, and my dad already deals with them a lot, so I think I'm gonna go with them. :) But thank you, really, and I'll keep my options open. :) Hi Laila! Thank you very much for that. However, Desjardins’s youth savings account has a 1.4% rate, and my dad already deals with them a lot, so I think I’m gonna go with them. :) But thank you, really, and I’ll keep my options open. :)

]]> By: Lailahttp://freelancefinances.com/money-tips-for-teens/comment-page-1/#comment-111 Laila Tue, 01 Dec 2009 07:31:33 +0000 http://freelancefinances.com/?p=139#comment-111 Hey Gabrielle, Kudos on looking into ways to save your money.Instead of a traditional bank look into these online and over the phone banking services that have higher interest rates, usually around 1.2% as opposed to 0.5% that some banks have for their youth accounts.ING Direct: http://www.ingdirect.ca/en/save-invest/savingsaccounts/index.htmlPC Financial: http://www.banking.pcfinancial.ca/a/products/savingsPlusAccount.pageCanadian Tire Financial: https://www.myctfs.com/Products/I've been banking with PC Financial since I was 15 (I'm 22 now). Their savings account gives an okay return especially when you keep a balance over $1000, which you almost have. Also all their services are free, so look into their daily banking (chequing) accounts as well.Good Luck!PS: Alan, I've been a long time reader of your blogs (and old livejournal too!) You're doing a fantastic job with this financial blog. I don't usually comment, just thought I'd help a fellow Canadian out. Hey Gabrielle,
Kudos on looking into ways to save your money.

Instead of a traditional bank look into these online and over the phone banking services that have higher interest rates, usually around 1.2% as opposed to 0.5% that some banks have for their youth accounts.

ING Direct: http://www.ingdirect.ca/en/save-invest/savingsaccounts/index.html

PC Financial: http://www.banking.pcfinancial.ca/a/products/savingsPlusAccount.page

Canadian Tire Financial: https://www.myctfs.com/Products/

I’ve been banking with PC Financial since I was 15 (I’m 22 now). Their savings account gives an okay return especially when you keep a balance over $1000, which you almost have. Also all their services are free, so look into their daily banking (chequing) accounts as well.

Good Luck!

PS: Alan, I’ve been a long time reader of your blogs (and old livejournal too!) You’re doing a fantastic job with this financial blog. I don’t usually comment, just thought I’d help a fellow Canadian out.

]]> By: Gabriellehttp://freelancefinances.com/money-tips-for-teens/comment-page-1/#comment-110 Gabrielle Tue, 01 Dec 2009 04:30:20 +0000 http://freelancefinances.com/?p=139#comment-110 Thank you for answering my question! :) I'm definitely going to put the money in a savings account. In fact, I've actually discovered that some banks actually have "special" teen savings accounts with much higher rates (but still with free transactions), so I think I'm gonna try that. Thank you again for your advice. :) Thank you for answering my question! :) I’m definitely going to put the money in a savings account. In fact, I’ve actually discovered that some banks actually have “special” teen savings accounts with much higher rates (but still with free transactions), so I think I’m gonna try that. Thank you again for your advice. :)

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