Definition: Savings are funds you put aside and don't spend. Some benefits of saving are stability, growth, and safety.
Quote: "Do not save what is left after spending, but spend what is left after saving." -Warren Buffett, Billionaire Investor
Key Takeaway: Saving money for the future is a vital way of building up your financial security.
Challenge: Set up automatic transfers to your savings account and save a dedicated percentage of your paycheck to help you get on track.
Fun Fact: Paying with cash instead of a card can help you spend less. Counting the bills makes you feel the pain of spending more than swiping.
Watch the video below for another look at this concept.
Saving Money (Kalsee Credit Union)