Saving is vital. You need to save for the future, for a rainy day, and for the emergencies that everyone encounters sometime. You should be spending less than you earn and putting money away for tomorrow.

If you’re not already saving, start by counting your income and your outgoing. Look for expenses that you can cut. Pay off your credit card bills—it’s the most expensive way to borrow money short of loan sharks.

Finally, choose a savings plan and get in the habit of filling it every month.