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Saving is when you set aside money to use in the future. This can be done in a savings account at a bank or credit union.

You can save money by:


There are many ways to find extra income. Some people may get a second job, start a side hustle, or invest in passive income streams. Others may look for ways to make money from home, such as through online surveys or selling products online.

I Have Money on the Side – Now What?

Some people choose to keep their savings in a checking or savings account to cover unexpected expenses or emergencies. Others may invest their savings in stocks, bonds, or mutual funds to grow their money over time. Some people may also choose to use their savings to purchase a home or pay for their child’s education.

The benefits of saving money

Saving money means having a cushion to cover unexpected expenses, being prepared for retirement, and having money to invest. Savings also give you peace of mind and a sense of financial security.

Saving vs. Paying Off Debt

The answer to this question depends on your individual situation. If you have high-interest debt, it may be wise to focus on paying that off first. If you have a low-interest rate and are able to save money each month, you may want to do both.

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