HIMPower Magazine January/February 2019 | Page 32

YOUR MONEY MATTERS Save and Invest MyMoney.gov S aving is a key principle. People who make a habit of saving regularly, even saving small amounts, are well on their way to success. It’s import- ant to open a bank or credit union account so it will be simple and easy for you to save regularly. Then, use your savings to plan for life events and to be ready for unplanned or emergency needs. ACTIONS YOU CAN TAKE • Start saving, form a savings habit, and pay yourself first! • Open and keep an account at a bank or credit union that meets your needs. • Track your savings and investments, and monitor what you own 32  HimPower January/February 2019 • • • • Plan for short-term and long-term goals Build up emergency savings for unex- pected events Consult with a qualified professional on investments and other key financial matters Save for retirement, children’s educa- tion and other major items HINTS AND TIPS • An easy way to save is to pay your- self first. That means each pay period, before you are tempted to spend money, commit to putting some in a savings account. See if you can arrange with your bank to automatically transfer a certain amount from your paycheck or