5 steps to boost your savings account

Set your saving goals
Set your saving goals © Ivelin Radkov/

You can't get somewhere if you don't know where you're going. "Set a goal," Constantine says. "The feeling of saving toward something can feel very motivating."

However, your savings goal does not have to be huge. Constantine compares taking the first steps of a savings plan to beginning an exercise program.

"You're not going to immediately wake up every morning at 5 a.m. and run 5 miles," Constantine says. "Find a realistic amount that you can easily adjust into your budgeting pattern, and then increase that amount over time."

Constantine says the initial amount can be as small as an automated $1 daily transfer from a checking account into a savings account.


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