Is a Savings Account Worth it?
Yes, starting a savings account is always worth it. Whether you’re saving for a special purchase, such as a new car, a bicycle, a computer, or home renovations, it all starts with savings.
While charging large purchases on a credit card is always an option, it’s financially savvy to maintain a savings account, in case of emergencies or to pay for large purchases.
Having a savings account provides a secure place to deposit monthly checks you receive, and your savings account could even earn interest as you save toward your goal.