How to Save Money
If you want to save money, you can decide to make a savings plan. A savings plan helps you set aside money to buy or pay for something in the future. Saving money can also help you stay out of debt.
Getting Started
Start by keeping track of how much money you have coming in and going out. You can see how much money you have left after paying expenses. If there is extra money after paying your expenses, you can decide how much of that you want to save.
How Much Do I Save?
Once you decide on your savings goal, you can plan how to reach your goal. You can decide to save a monthly amount or a set amount from each paycheck. List your savings amount with your other expenses each time.
What If I Want to Save More?
One way to save more money each month is to spend less. Look closely at your monthly spending. Cut out buying things you don’t really need.
Ohio STABLE Account
A STABLE Account is an investment account available to eligible individuals with disabilities in Ohio. They allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid, SSI, or SSDI. You can learn more at the website and set up your own account!
Tool: Tips for Successful Saving
Check out these resources for more tips on saving money!
Activity: Meeting Savings Goal
Use this activity to practice making your own savings plan. You can print the activity or look at it online and write your answers on your own.