How to save – If you don't already have a savings account, open one. Savings accounts are better than checking accounts in one key area – it’s more difficult to get the money out. You can’t just write a check. You have to go into the bank and withdraw it. Sure, the money’s yours. Nobody’s going to tell you that you can’t have your cash. However, just the fact that you have to go to the trouble of going to the bank and filling out a withdrawal slip will help you to save. Develop a savings plan and set aside a certain amount of your monthly income for a “nest egg” – extra money that you may need later to buy a house or a car or, who knows, a wedding ring! A savings account will also help you cover unexpected expenses. If the transmission falls out of your car, it’s really great to have some money in the bank so you can fix it!