Ten Commandments of Saving Money

Saving money is the cornerstone of a sound financial plan. Through discipline and hard work, we can save money to reward ourselves with financial flexibility.

By making saving a priority and making your money work for you, you are more likely to achieve financial success.

In the companion Ten Commandments of Personal Finance, we look at home ownership, investing,  retirement, and debt management.

Ten Commandments of Saving Money

Spend Within Your Means

Saving money is an essential financial habit. According to a CareerBuilder report, 78% of American workers are living paycheck-to-paycheck.

Control thy expenditures.”

Although federal stimulus packages have added to state unemployment benefits, there is no guarantee this government aid will be ongoing.

Build A Healthy Emergency Fund

Having readily accessible funds in liquid funds such as money market securities helps you avoid borrowing money.

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