Do: Start Saving Money

How much is enough?

Experts recommend people save 3-6 months of expenses so that basic needs could be met if you were facing an emergency situation. If this feels like too big of a goal, consider a savings goal of one month’s rent.

Steps to start saving:

  • Complete a spending plan
  • Create your savings goal
  • Make it public – find someone to be your cheerleader while you work on reaching your goal
  • Save extra money when you are able
  • Consider direct deposit into a savings account

Neighbors’ Financial Empowerment Team is here to support you achieving your goal. Reach out to set-up an appointment or visit our Financial Empowerment Center.