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.…