All Women's Talk

5 Minimal Steps to Building Your Savings for a Bright Future ...

By Nyree

Do you need some steps to build your savings? No matter how young you are, a savings account is a very important thing to have. Rainy days, car repairs, or other unexpected expenses can save you a world of hurt on your bank account if you have a savings account. Below you will find 5 easy steps to build your savings account into a substantial fund that will benefit your future immensely.


This may seem like a no-brainer, but up until I was 20 years old I didn’t even know what the difference between a checking and a savings account was. Take a day where you have nothing to do, go to your bank of choice, and speak with a teller about setting up an account. They’re geniuses I promise. This is one of the easiest steps to build your savings.

2 Create a Plan

Do you have a trip that you’re saving for? A Christmas gift? Or maybe you just want a rainy day fund? You know your income so plan out the amount of money you are willing to set aside per paycheck that won’t break your bank. Your goal has to be realistic. If you know setting aside $200 per check would leave you short on your rent, it may not be the best idea. Set aside a realistic amount that suits your budget the best.

3 Cut Back on the Unnecessary Things

Now that you’ve mapped out how much you want to save, you have to map out HOW to get there. Making a fast food run 3 times a day isn’t included in that plan. Do you want to save money? You have to have money to save it. Go to the grocery store and cook for the week instead of eating out. Refrain from going out for drinks 4 times a week with your friends and cut it back to once. You can still have desirables, just in moderation.


Your savings is feel like an unstoppable rich just want to pull out $50 to get this super cute jacket from H&M, you’ll replace the money next check. NOPE. Don’t ruin your progress. $50 now turns into an empty savings account by the end of the week. Remember that genius bank teller you talked to? Yeah, they can create some type of way for you to keep your greedy paws off the moola. Technology is advancing people. If you can’t fight the urge to keep your cash tucked away, it may be a good idea to get a savings account you can only add money to.

And last but not least...

5 Treat Yourself

This might be the scariest part about saving money. You’ve spent all of this time saving and making sure you don’t spend it, now it’s all just going to go away? You worked for this. You’ve trained yourself to be a responsible (somewhat) adult. You’ve created a habit. You saved up all of this money so you now know what to do to save it again! Don’t be scared to spend your money on what you’ve specifically saved it for. You saved it once and you can do it all over again!

Do you have a savings account? Do you feel it's helped you?

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