If you’re a regular reader of this blog, you know all about the importance of saving money. But what are you saving for? The best way to save money is to use the power of three. This means that whatever amount you save (and the more you save, the better), it should go towards three things:

1) A type of financial wellness. If you are just starting out with saving, set aside one third of your savings each month and put it in an emergency fund. Keep doing this until you have three to six months of income saved. After this, choose your highest-interest personal loan, credit card, or personal debt and put your one third towards this until it is paid off. Continue until you are debt-free.

2) Long-term investments. One third of your savings should be put into long-term investments, such as a retirement fund, stocks, real estate, or something else that will protect you when you are elderly.

3) Medium-term savings. One third of your savings should go towards medium-term savings, preferably something you are excited about. Maybe you want to buy a boat, invest in a home or cottage, or take a trip. Start a savings account and start planning.…

You probably know that in order to enjoy a healthy future you need to exercise, eat well, and care for your health. To enjoy a financially healthy future, however, there are also some good habits you need to develop.
Start investing today, where and how you invest matters less than the fact that you save and invest regularly. Invest in a retirement fund, CDs, real estate stocks, or other options. Just make sure you research your options and invest for the long term. You’ll need to add to your savings and invest for decades to see true wealth – but it will happen with persistence and research.
Take good care of your financial health, check your credit rating regularly to prevent identity theft, find ways to make a passive income, and save regularly.
Maximize your money, however much you make, you can make it go further by working to reduce your bills while working to increase your income. Save and work on improving your income. Each time you get a pay raise, live on your income level and invest the difference.…

If you think investing will mean lots of deprivation and no fun, this is not true. You will have to set aside some money to invest, but investing your cash does not mean that you need to risk your life savings. Here’s how to get started today.
Set a deadline. Start saving to invest today and decide that when you reach X amount you’ll start investing ($1000 is a good amount to start with, but you can invest with $100 to start, even). Then, decide on the exact deadline you will start investing. Circle the date on your calendar.
Visit the library and get at least three reputable books for the new investor (ask the librarian for recommendations if you need to). Read them before your deadline and take notes. Now you have the basics under your belt so that you can make investments.
Get support. Talk to someone in your bank or visit a financial professional for advice.
Write out an investment plan. Now that you have an idea of whether you want to invest in CDs, stocks, real estate or whatever you have decided to invest in, create a written plan. What will you invest in, when, and how much? How much do you expect to earn? How often will you review your investments?…