Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Grace Goldoni
Grace Goldoni
Age: 18
Age started saving: 11
Amount saved: $300,000
Hometown: Princeton, N.J.

When I retire, I want to have enough money to live comfortably.

There are a lot of other things to save for [right now] since I'm only in my first year of college, so I try to put away the most that I can. I don't have a constant amount that I contribute, but when I'm working I'll try to put in at least $50 a month to my savings account. At this point, I'd say I have a little over $300,000 saved up. My parents encourage me, and sometimes they'll match the amount.

I got my first paycheck when I was 11 and right away I wanted to put it in a bank account. I started out working as a mother's helper, and then as a babysitter. Then I did lots of retail work and worked for DoughMain, where I really learned about saving and financial education.

I'm in college now, and trying to get a job, so I'm only doing a little at a time. There are always people who will say people like me who save this early are crazy. But just think: for the next 35 years that money is only going to keep growing.

Most people my age don't think about saving for retirement, and I see peers and adults alike buying so much more than they can afford. People should really start taking saving more seriously.

*In addition to saving the money she earns or is given as a gift, Grace does side jobs, like tutoring, and sells textbooks and clothing so that she is able to put even more money into her savings.


By Blake Ellis @CNNMoney - Last updated December 15 2011: 1:46 PM ET
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options