"Pay yourself first."
That old advice is still good advice.
Saving is an important piece of building your financial security.
Consider savings as a fixed expense similar to the rent, mortgage or utility bill. Put away some money before you do anything else with your paycheck.
Saving is often difficult to do, so here are some tips to help make saving a habit:
· Make saving automatic. Opt for direct deposit, so your paycheck or other income is deposited directly into your checking and savings account or is transferred monthly into a savings tool.
· If your employer offers payroll savings, enroll.
· If your employer offers such tax-saving accounts as a flexible-spending account for medical expenses, enroll.
· If your employer offers to match retirement savings, take advantage of the gift! Matched saving is one of the best tools for achieving optimum long-term benefits.