![]() ![]() If you don’t have a savings account, now’s the time! Ensure your savings account is federally insured with a reputable financial institution with no fees (or low fees). The America Saves Pledge is a tool that helps you make a simple plan to meet your savings goal while offering you long-term accountability and support along the way. Now that you’re committed to saving, it’s time to consider how you’ll achieve it. Once you’ve reached that goal, it will be easy to continue! Step 2. Start small and think big by setting a goal of a $500 rainy day fund. ![]() Unexpected emergencies often sabotage our financial goals, so getting in a savings mindset and building an emergency fund is crucial. 7 Steps to Start Your Savings Journey Step 1. In fact, we’ve learned that there are SEVEN key phases or steps to starting your savings journey and being successful. The truth is that we can ALL be great at savings! You have to start small, think big, and create a reasonable plan and recognize where you are in your journey. Or like you’re giving up something concrete for something more elusive. There’s ALWAYS something to save for, but if you aren’t naturally “good” at savings, the idea of saving money can be daunting. If you have emergency savings, you may want to start saving for a home, retirement, or education. If you have little to no savings, you’ll want to start saving for emergencies.
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