Something as simple as passing on those 2 CDs you wanted but don’t really need, making coffee at home instead of buying from the fancy place on the corner, and leaving the credit card in your wallet for unplanned purchases can really make a big difference in your ability to manage your money and grow your savings. Don’t stop now! You’re well on your way to building a better financial future.

Saving is the key to building wealth. Your budget must include setting aside money each month for your savings, no matter how small the amount. Experts advise trying to save at least seven percent of your income every month, and invest more if you can. If your monthly income is $1000, you could put $70 into your savings account every month. At the end of the year, you’ll have $840!

Plus, if you open a savings account you can earn money on your savings.

Pay yourself first.

When you pay your bills, make sure you put yourself on that list of people you owe. Decide on an amount you can commit to for six months and see how that works.

Start right now.

If you save $70 this month, you’ll have $420 in the bank six months from now!

Do it automatically, if you can.

If you have checking and savings accounts, you can set up automatic transfers every month. It’s easier to save when you don’t have to think about it all the time, and this way the money is tucked away before you can spend it.

Saving money is a great place to start building wealth. Did you know there are ways to earn interest on your savings? Using a regular savings account is okay, but you have more options.