Even if you’re not currently in a heavy amount of debt, there still comes a point where you probably want more out of your financial life than what you’re getting. For example, when was the last time that you actually took a vacation? It can be really hard to make sure that you have thing sunder control enough to feel like you can just take a vacation and it doesn’t matter. Yet that’s exactly what you’re going to have to do — you are going to have to make sure that you take control of your life in order to see all of your goals come to life. It’s tempting to just give up, but this just won’t do.
So, what’s the best way to go about it? You will want to create small savings goals. We’re not saying that you’re going to have to give up everything that’s fun in your life. However, what about the little things. For example, you might not think much about that daily run to the fast food shop on the corner, but the money you spend there really does add up. Think about it — even if you’re only spending $5 a day, that’s still 35 dollars a week that could go to your savings goals. If there are other people in the family that have the same spending habits as you do, then that’s a lot of free money just flying out the door — what’s the point of that, really? Isn’t it better to make sure that you will be able to have the things that you really want rather than things that are so temporary? We thought so too.
You can turn to any number of savings vehicles in order to have your money grow steadily and safely over time — Treasury bills, CDs, money market accounts. Yes, you can go for something more risky, but why would you want to walk down that road when there is so much riding on your money? If you want to create an investing account and put a portion of your savings in it to watch it along the way, then you can definitely do that. However, you will have to manage a full fledged investment account a lot more closely than a savings account of any kind.
It is a great time to start saving for the future, so make sure that set mini-savings goals that you can live with!