It is never too early to start saving. Whether this is into a bank or building society account, premium bonds or some other type of savings account.
Investing may be something that comes into your planning sometime later. However it is possible that some investments have already been made on your behalf by parents or grandparents. Either way it is well worthwhile having a little knowledge on what savings and investment products are out there with young people in mind. The list below does not include ALL savings and investment vehicles, just those that may be most useful for young people.
Before starting, it is worth making the distinction between saving and investing. In a nutshell, saving takes care of short-term needs whilst investing looks after long-term goals. As a potential saver you should also be aware of two important things.
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