The Candor

Stacking up the Cash

By Kaitlynn Wolfgram

Putting money aside can determine how you handle a situation: calmly and collectively versus anxiously and stressfully.

The great thing about saving money is that it is never too late to start. Whether you are 16 working at your first job or 35 with a family, securing your finances and putting money aside is an option.


Here are a few tips in doing so:


  1. Open a checking and savings account. A checking and saving account allows you manage your money. Lets face it, when I have $20 dollars in my wallet I am more applicable to spend it and forget where. Both accounts help you manage your cash so you can stay on top of your finances. The checking account is for the money you use daily and the savings for money you don’t want to touch. If you have a job set up direct deposit. This saves the hassle of going to the bank. Check with your bank to see if they offer options for students, like student checking. Student accounts might rid you of fees and minimum balances (banks understand penniless students). Try online bill pay. This allows you to have all your accounts (utilities, phone bill, car payment, insurance) right in front of you. You are able to set up when and which bill you want to pay and the amount. Personally, sometime in the first week of the month, I set up a date to pay all my bills according to my work and pay days.
  2. Put something in your savings. You set up a savings account, so put it to good use. The most important thing to remember is that it doesn’t matter the amount. It could be five dollars a month, but it’s something. Remember that you have to start somewhere. Everyone has different financial situations, so at times it can be difficult to put that money aside. However, make that promise to yourself to put something aside. Try not to touch it unless it’s an emergency.
  3. But treat yourself every once in a while. Saving money means that you sacrificed-maybe you didn’t buy that Frappuccino at Starbucks-and worked hard. Reward yourself because you deserve it! It shouldn’t be every week or even every month, but maybe something you’ve been striving or wanting for sometime.   Don’t let it wipe out your savings account completely either. Maybe it’s a pair of expensive boots or a game console.


Remember the importance of saving money it will be helpful in the future. Whether you’re a student, or working full time, there is always easy ways to save.