So you want to save money

Everyone wants more money in the bank. It feels good knowing you have some savings stashed away. The first question you need to ask yourself when starting to save, is why do you want to save? You need to set some goals - both short term and long term. Are you saving for a car, a home, a safety net, or retirement? You’ll need a realistic goal - don’t plan to save 50% of your income for example. You’ll only set yourself up for failure. Set a modest goal - for example, to put 10% of every paycheck away each month. Once you’ve gotten into this rhythm, it’s easy to increase your savings. After a few months of 10%, you can easily go to 15%. Soon, 20% looks attainable. All of a sudden you’ve got a big ol pile of money sitting in the bank. Stay tuned to find out what you should do with it.