Tips, advice, and the latest news from the savings world.
by Eric Bell, Editor-in-Chief, YoBucko
Saving money can be tough when you're just starting out in the real world. To help you understand how to save more money in your twenties, here are seven simple savings tips to help you save more money:
- Budget to Save
Creating a budget is one of the first steps to save money. A budget is like your roadmap to financial success. It shows you where you are today, and helps you track your spending each month. Think of a budget as your monthly spending scorecard. Once you've created your budget, look at your spending to see where you can start trimming the fat.
- Automate your Savings
Paying yourself first is tough if you have to cut a check every time you want to save a few bucks. Fortunately, there is a simple way to save that you can access if you have a bank account: direct deposit. Direct deposit allows you to automate your savings plan by sending money straight to your savings account. Talk to your employer or your bank to find out how you can set up direct deposit. Before you know it, you'll be building a nest egg and well on your way to financial independence.
- Save for Emergencies
When you are just starting out, building an emergency fund should be a top priority. Experts recommend saving 3x your monthly expenses if your single, and 6x your monthly expenses if you are married or have kids. Bad things happen, even to good people. By building an emergency fund, you'll be prepared to make it through the tough times and have a some extra money set aside for a rainy day.
January 25, 2011
Date: February 1, 2012
Time: 2:00-3:00 p.m. (EST)
The purpose of this webinar is to:
- Provide an overview of America Saves Week;
- Explain the potential benefits to participating in America Saves Week;
- Highlight a Resource Kit your organization can consider to use to promote savings during the Week.
To register online for this event, please go to:
Please register by Thursday, January 26, 2012.
Webinar information will be distributed on January 31, 2012.
For Additional Information