How to Start Saving Money When It Feels Impossible
08/26/2026
Quick Summary: Learn simple ways to start saving money, build a savings habit that sticks, automate your savings, find extra money in your budget, and stay motivated with clear financial goals.
Most of us know we should be saving money, but turning good intentions into a real savings habit can be challenging. The good news is you don't need a big paycheck or a perfect budget to get started. Today, we're talking about simple, practical ways to build a savings habit that sticks.
Why Is Saving Money So Hard to Start?
A lot of people know they should save money, but they just can't seem to get started. Why is building a savings habit so difficult?
Saving money is hard because it often feels like you're giving something up today for a benefit that seems far away. The good news is that saving isn't about how much money you make. It's about creating a habit. Many people think they need hundreds of dollars to start saving, but even setting aside $5 or $10 a week can build momentum. The key is getting started and making it part of your routine.
Make Saving Effortless
What's the easiest first step someone can take to begin saving?
The easiest step is to make saving automatic. Set up a recurring transfer from your checking account to a savings account on payday. Start with an amount that feels manageable, even if it's just $10 or $20 per paycheck. When the money moves automatically, you don't have to think about it, and you're less likely to spend it. We often say, "Pay yourself first." If you wait until the end of the month to save what's left over, there usually isn't much left.
Find Hidden Money in Your Budget
What are some simple ways people can find extra money to save each month?
I encourage people to look for small leaks in their spending. Review subscriptions you're no longer using, cut back on impulse purchases, or save part of any extra income like bonuses, tax refunds, or cash gifts. Another great strategy is taking advantage of a "savings challenge," where you save a few dollars each week and gradually increase the amount. Small changes can add up much faster than most people realize. FORUM offers a 52-Week Money Challenge. By making regular deposits through the year, members are entered to win over $1,000.
Save With Purpose
How can people stay motivated and stick with a savings habit over the long term?
The best motivation is having a clear goal. Instead of just saving money, save for something specific, like an emergency fund, a vacation, a down payment, or holiday expenses. Give your savings account a name that reminds you of that goal. Then celebrate milestones along the way. When people see their balance growing and know exactly what they're working toward, they're much more likely to stay committed.