ELI5: Explain Like I'm 5

Saving (money)

Saving means keeping your money safe and not spending it right away. Imagine you have a piggy bank at home where you put all your allowance or gifts you receive. When you save, you add coins or bills to your piggy bank, and you do not take them out until you have a specific reason to use them like buying a toy or a treat.

When you save, you can set goals, like saving enough money to buy the toy you want. You start by putting a little bit of your allowance or money aside each time you receive it, and you do not use that money until you reach your goal.

Saving is an essential skill that can help you prepare for the future. By saving money, you can buy things you really want or invest in something that will help you in the long run. It's like planting a seed, you need to take care of it and water it, and when it grows, you can enjoy the fruits of your labor.