It is a new year and a great time to start saving. Whether you are wanting to save for a project, child’s future, retirement, or rainy-day fund, it is important to remember that it is never too late (or too early) to start. Even if you are only able to save a small amount each month, it is important to start saving. Once you begin to see your savings grow, it will help motivate you to keep saving and to save more.
There are lots of online resources to help you navigate the different savings options (i.e., savings accounts, stocks, mutual funds, etc.) and motivate you to reach your savings goals. The Federal Trade Commission and Nerd Wallet list ways to get started saving and links to resources that can help you save. CNBC provides strategies that people have used to successfully save hundreds of thousands of dollars. The Balance also provides 100 ways to save money on everyday expenses.
Remember, taking the first step towards any goal is always the most difficult. But, once you have set a goal and started saving, it will gradually become easier until you do it automatically out of habit.