Back to Basics – Saving

Recently we’ve covered budgeting and setting goals; both important concepts when you want to save for the future. For the next couple of weeks we will be digging into what it means to save, the best ways to save, and some important things everyone should be saving for and why.

Saving is the deliberate act of setting money aside for a future need. Some saving is for specific future goals like buying a home, sending kids to college, or going on a vacation. But we also need to save because we can’t predict the future. Having a safety net of savings is important, both financially and mentally to hep reduce financial stress. Saving part of what you earn now in order to secure your future is one of the foundations of financial wellness.

So what’s the best way to save? We think it’s to “pay yourself first” and we’ve got the details on how to do just that right here.

Ready to start saving? Just login to your BrightDime account and chat with a coach.