7 Insightful Things You Should Know about Saving Money ...


With so much talk about saving money, you can't deny the importance of a cash cushion. But saving money is easier said than done. You have regular expenses that take a chunk of your income. And it seems like unexpected costs always pop up. But while saving has its challenges, any effort is better than none. Here are seven insightful things you should know about saving money.

1. Your Account Isn't Going to Grow Itself

Okay, this might be a no-brainer. But the truth is, many people hope and wish for a bigger savings account, but they never put forth effort to save money. Whether you're looking to build a $1,000 emergency fund, or create a six-month emergency cushion, the first step to saving money is going to the bank and opening a savings account.

Compound Interest is Your Best Friend
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