Most people know that it’s a good idea to set some money aside for a rainy day, but a surprisingly large number wouldn’t know how to start. For others, saving money can be difficult if they’re living from paycheck to paycheck. For almost anyone who wants to save money, a savings bank account is a good place to start. It can be the beginning of larger things like buying a home, or investing in real estate or higher-yielding CDs.
Saving for a rainy day
It sounds like a good idea, but a surprisingly large number of people have never gotten around to getting started saving money. Others may find it difficult to save anything at all when they’re living paycheck to paycheck. Yet others may have had their savings wiped out due to emergencies like medical bills or job loss.