I always hear that there is never any money leftover to save.  I used to think that way too until I implemented an automatic savings plan where I pay myself first.  Each pay period, I have money automatically taken from my check and put into my savings.  It’s as easy as that!

Setting up automated savings puts money into your savings first – either having your employer split your paycheck into two accounts or doing this through your bank.  Once you set it, it’s done.  No more saying “I don’t have money to save”. 

Start with a small amount and increase it yearly or when you receive an increase in pay.  $5.00 a week will get you $260; $10 a week will get you $520. 

Once you get this set up, you might want to think about the different types of savings you will need in your life.  Everyone needs an emergency savings for unexpected expenses.  In addition, start think about your goals that need funds – auto, children’s education, security deposit for an apartment, down payment for a home, retirement, travel plans and more.  Set up a savings account for your specific goal and set up an automated amount so that you can reach your goal in your time frame.

It’s never too late to start saving for what you want.  You can achieve it if you want to.