The Importance of Saving Money : Saving money can help you become financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save: Emergency cushion - This could be any number of things: a new roof for your house, out-of-pocket medical expenses, or sudden loss of income.

Just put it in a bank account that isn't tied to a card until you have at least 3 months of living expenses saved up, THEN look into investing. Set up an account at Betterment and watch your money grow. Sell some stuff, work some extra hours, and cut down on your expenses temporarily to get that cash cushion rolling.

Think of the stress you can begin to alleviate by taking two small steps: 1) Set Up a Savings Account. It is important to put your money for savings into a different account than you use for daily, weekly, and monthly bills. 2) Set Up a $10/Month Automatic Withdraw. Just start with $10.