Use our savings planning tool to calculate how long it’ll take you to reach your goal, based on how much and how often you’re able to put money away. Establishing your emergency fund may be that achievable goal that helps you stay on track, especially when you’re initially getting started. Having a specific goal for your savings can help you stay motivated. If you’re not in a regular practice of saving, there are a few key principles to creating and sticking to a savings habit: It’s one of the fastest ways to see it grow. Strategy: Create a savings habitīuilding a savings of any size is easier when you’re able to consistently put money away. It may be that you could use all of these strategies, but if you have a limited ability to save, managing your cash flow or putting away a portion of your tax refund are the easiest ways to get started. These strategies cover a range of situations, including if you have a limited ability to save or if your pay tends to fluctuate. There are different strategies to get your savings started.
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