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Ask Dave

Saving For The Wheels

Jake is mature for his age he's only 11 and wants to start working to save for a car. How can he best do it?

QUESTION: Jake is 11 years old and wants to start saving for a car. What should he do? One simple thing, says Dave.

ANSWER: There’s only one place that money comes from, and that’s work. Look for stuff around the house and the neighborhood to do. I cut grass, construction and painted. It was hard work, but I got some money that way. If your parents are in good enough financial shape, you might ask them to match your savings.