Saving Money: How to Get Started - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Saving Money: How to Get Started

Posted: Updated:

The urge to splurge can be tough for many of us. But with the economy looking a little bit better, it's even more important to set aside some savings for short and long term goals.

Americans are saving more now than before the recession, but there's always room for improvement. And the good thing about savings is that starting small -- can add up big over time.

This is "America Saves Week". Want  to save more money? Getting started is often the toughest part. 

  • Get going by setting up a goal for yourself or your family.  Then, put a plan in place -- especially if it's a long-term goal like retirement.
  • Look at all of your expenses, and create a budget that allows for savings -- and don't be afraid to change things from time to time.  Ken McDonnell, America Saves Program Director, says "This is not a set it and forget it. You need to revisit that plan periodically to make sure that the money is growing in the way that you want."
  • If you just can't help yourself from spending when there's money in your pocket or in your checking account -- let the bank help you avoid temptation.  "The ultimate best way to get around all of this is an automatic savings," says McDonnell. "And you can set this up with your bank to have, say, 25 dollars a month taken out of our checking account, and put directly into a savings account."

And keep in mind that when it comes to savings, it's never too early -- or late -- to get started.

(Source: CNN)

  • NewsMore>>

  • Kangaroo Missing In Vinita

    Kangaroo Missing In Vinita

    With wide open fields in every direction, it's understandable that someone new to Vinita would want to explore."We're just moving in," said Kay Williams. She and her group of eight kangaroos moved in on last Friday, and by Saturday morning…"She goes, I'm down two," said Al Wightman. He just leased Kay the property recently, and when he learned she was bringing kangaroos.."I thought it'd be interesting and pretty cool," he said.She uses them as therapy animals. Cinderella, Sassy, Jasper, Hope,...More >>
    With wide open fields in every direction, it's understandable that someone new to Vinita would want to explore."We're just moving in," said Kay Williams. She and her group of eight kangaroos moved in on last Friday, and by Saturday morning…"She goes, I'm down two," said Al Wightman. He just leased Kay the property recently, and when he learned she was bringing kangaroos.."I thought it'd be interesting and pretty cool," he said.She uses them as therapy animals. Cinderella, Sassy, Jasper, Hope,...More >>
  • Spavinaw Police Chief Accused of Lewd Molestation

    Spavinaw Police Chief Accused of Lewd Molestation

    Spavinaw Police Chief Clarence William Gregory, Sr., was arrested this morning after being accused of lewd molestation.More >>
    Spavinaw Police Chief Clarence William Gregory, Sr., was arrested this morning after being accused of lewd molestation.More >>
  • Casting Call For Movie About Native American Entertainer "Te Ata"

    Casting Call For Movie About Native American Entertainer "Te Ata"

    If you've ever wanted to star in a movie, now's your chance to give it a go.The Chickasaw Nation will hold an open casting call for "Te Ata" next Saturday at the Hard Rock Hotel Casino.All Native Americans are welcome.The movie focuses on the life and legacy of chickasaw performer Mary Frances Thompson.She gained fame around the world in the 20s and 30s for her unique one woman show about Indian heritage.In 1987, Thompson was named the very first Oklahoma Treasure by Governor Henry Bellmon.S...More >>
    If you've ever wanted to star in a movie, now's your chance to give it a go.The Chickasaw Nation will hold an open casting call for "Te Ata" next Saturday at the Hard Rock Hotel Casino.All Native Americans are welcome.The movie focuses on the life and legacy of chickasaw performer Mary Frances Thompson.She gained fame around the world in the 20s and 30s for her unique one woman show about Indian heritage.In 1987, Thompson was named the very first Oklahoma Treasure by Governor Henry Bellmon.S...More >>
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.