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 Pay Yourself First
One way to get into the habit of saving money
is to “pay
yourself first.” That
means setting money aside in a savings account before you spend it on other
things.
You might think it is impossible to save money while your income is so low.
Think again.
The important thing is to set something aside every day if you can, or at
least once a week. A dollar, $3, or $5; whatever amount you can set aside
will make you very happy one day!
Remember the financial goals you set earlier? Staying focused on your goals
will motivate you to save your money.
Remember, when you
first start saving, it is the habit of saving that
is more
important. Here are a few habits you can start forming
now:
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If you get money as a gift, put
part of it in a savings account. |
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If you have a job, put part of
each paycheck into savings before you
pay your expenses or spend money
on things you want. |
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Put $1 a day plus any loose change
in a cup or jar. By the end of the
month, you may have $50 or more to
deposit into your savings account. |
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When you’ve started earning and
saving money regularly, you’ll need a safe place
to put your money. The first step then is to find a
bank or credit union that is close to where you live.
Do you know anybody that lost cash? Have you ever lost cash? It can be devastating,
especially when money isn’t in plentiful supply. So take your cash and
put it in a bank. |
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