It’s the first question you ask yourself when faced with the inevitable quest to save some money. The task seems impossible in the beginning. Think of saving small sums not large, you’ll be easily discouraged if you set your target too high. The best place to start is to look at the pennies and not the dollars. Start by collecting all your change, throw it into a jar, bottle or container and forget about it. When it becomes full, take the jar to a coin machine and cash it into real paper dollars.

Don’t stop there. Open a bank account, it doesn’t matter if it’s a savings account, the interest will be too small to worry about for now. But, if your money is in an account, it makes it harder to get at. Even at $5.00 a week, you will accumulate $240 for the year, not bad at all. Have a goal in mind, take baby steps, try to add a couple of dollars a week into your bank account. At that rate, you have quickly saved over $300 for the year.

Then your next move is to invest in a certificate of deposit (CD), again, this will give you some interest savings and you will begin to see your money grow. Before you know it you will have hundreds and then thousands of dollars, all started by saving $5.00 a week.