For most students, making a savings plan involves relatively short-term goals like wanting to save up for a new phone, pay for part of the cost of a car, or setting aside money towards college tuition.
But for some, it’s never too early to starting thinking about when you’ll be able to stop working and spend time doing what you’d like. And because of the economic downturn, it’s easier than ever to see what can happen when someone hasn’t saved enough. What’s more, financial experts says it’s never too early to start saving either — because for every dollar you set aside, the longer that dollar will have to grow into more money. But is talking about saving for retirement before you’ve finishing high school going too far?