America Saves Week

Clear glass jars filled with cash labeled "Retirement", "House", "Vacation" and "College".

Saving money is crucial.  However, if you don’t earn much and you can barely pay your bills, the idea of saving money might seem laughable.  When you only have $5 left at the end of the month, why even bother trying to save?  Because you have to start somewhere, and if you work at it, your financial situation will likely improve over time. Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings.

The Importance of Saving

Whether you’re just starting out and are new to saving money or you’ve been saving for years, it’s important to make sure you’re living within your means.  Don’t spend more than you make or can afford.  Of course, it’s fun to splurge occasionally, but making it a habit can cause your hard-earned cash to vanish in a hurry. 

Set goals for your savings and save with a purpose.  Try saving two to three months’ worth of rent.  Save for a trip you’d like to take.  Save for a new car or for your child’s education.  It doesn’t really matter what you’re saving for as long as you make the effort to put some money away on a regular basis.  You’ll be surprised at how quickly it adds up. 

Want a great tool for helping you keep track of your savings goals?  Use our Money Tracker.  

The bottom line is that saving is important.  If you haven’t started yet – no problem.  It’s never too late.  Saving money gives you peace of mind, expands your options for decisions that have a major effect on your quality of life, and eventually helps you when facing retirement.  Most wealthy people became wealthy through hard work and smart savings.  You can become one of those people, too.

To learn more, visit www.americasavesweek.org