Building Up Your Savings Accounts

Savings Accuonts

Save For Rainy Days

Every year a survey called the Financial Literacy Survey, questions about 2,000 adults that are over 18 years of age. Results from this year indicate that building a savings account is the one area of improvement that people need to make. About two in five people say that their emergency savings account is something they are constantly worried about. The same amount of people are worried about not having enough money set aside for retirement. So how can you save more money?

Give Up A Bad Habit

People enjoy habits because they make life easier and require less thought. It is time to ask yourself what habit have you created that is costing you money every week? Which one can you manage to live without? If you are eating lunch out 5 times a week, you could be spending $200 a month ($2,400 a year) on this luxury. Cut down to 2 times a week and you can save up to $1,440 a year.

Save The Change

Create a place to empty out all the change you accumulate each day. Save the change plus the lowest bill in your wallet. Make this a habit for a month. See how long you can do it and add up the amount you have saved. To build real wealth, put that money in a money market savings account or mutual fund. The longer you leave it alone, the more it will grow.

Spend Less Than You Earn

There is no way to build wealth unless you spend less than you earn. To meet this goal, you may have to increase your income, just to start saving the amount of money you need. Evaluate what you need to adjust in your life to make this possible and then do it.

Learn From The Best Finance Books

Dave Ramsey’s Total Money Makeover will teach you how to get rid of debt and build wealth. It is nice to learn from someone who has seen both poverty and wealth.

Ilyce R. Glink, wrote a book called, “50 Simple Things You Can Do To Improve Your Personal Finances.” Her first suggestion involves preparing a place in your home for handling your personal finance tasks. Getting organized like this really helps. She also offers many new ideas about saving money. She covers topics like taxes, credit reports, planning for retirement and budgeting. For a short read, this book is worth the current price of $2.89.

Learning Online

Since 2008, the number of people that said they have learned about personal finance on the internet has grown from 4% to 12%. While everything you read on the Internet is not guaranteed to be true, there are reliable sources for you to use without hesitation. has a trusted reputation and provides you with current mortgage rates, housing trends and retirement information.

Although many people report that they don’t feel that they have enough of a savings account, there are many solutions to that problem. Start today by using these personal finance tips from

About Sherry Tingley

Sherry Tingley, a graduate of Brigham Young University, mother of two and an entrepreneur developed in 2007. Her site offers customers an easy way to choose checks from multiple merchant websites, giving them access to over 19,000 checking account products. She developed a personal finance blog to help others succeed in managing their personal finances and to help people take the steps necessary to start their own businesses.