Your money - Lee Ho-kwan

PUBLISHED : Wednesday, 31 January, 2007, 12:00am
UPDATED : Wednesday, 31 January, 2007, 12:00am

Age: 17

School: Pui Kiu Middle School

Young Post: Do you have any savings and where do they come from?

Lee: Yes, I get about HK$100 a week from my parents and occasionally from my elder sister. I also save some of my lai see money.

After spending it on travelling, meals and entertainment, there's not much left.

My sister works in a financial management company.

She helped me get my first part-time job as a tele-marketer.

I haven't started yet. I will be paid HK$15 an hour. I hope I can save more in future.

YP: What do you do with your savings? Do you put the money in a bank or do you have other savings plans?

L: I keep all my savings with my mother.

When I get extra money, I use some of it to buy things I like and let her keep the rest. This way, I can save more.

I gained a better knowledge of how to make money after attending a personal economics programme organised by Junior Achievement.

I now know that money can be invested in stocks and insurance plans.

The programme taught us how to choose stocks and monitor the markets and prices.

YP: So are you planning to invest your savings?

L: I would like to, but I don't have enough capital.

I think I'll have to wait until I have more savings.

YP: Do you have any tips on saving money?

L: You must have a strong will. Otherwise, you will easily use up the money that you've saved.