Can't Seem to Save? You're Not Following These Simple Rules | Credit.com
How’s your bank balance? It should be healthier than this time last year.
And if it isn’t? Only a few explanations exist for this lack of progress:
The past 12 months were filled with budget busters such as car trouble, medical co-pays and the need to replace major appliances.
You were already living paycheck to paycheck, and the increased costs of food and other essentials sent you into the red.
You simply didn’t make it your business to save.
It’s vital to have an emergency fund and, ideally, additional savings for future goals (replacement vehicle, home of your own, college fund). But these accounts don’t build themselves. You have to take responsibility for making them happen.
Maybe you’ve had bad luck, as noted above. Or maybe you just haven’t figured out how to save. Simply saying “I want to save money” is a dream, not a plan. Without a specific destination in mind, you’ll probably never get started.