Skip to Content


saving and investment

Saving is critical in building financial wealth. It can be habit-forming if you train yourself to save regularly (even in small amounts). It is the knowledge you acquire once you understand how money grows over time if invested regularly and consistently.

Pay Yourself First
An easy way to save is to pay yourself first before you commit to all other payments. Decide on a monthly amount to put in your savings before you allocate other amounts to your expenses. Make paying yourself first a non-negotiable item while setting your personal budget. This concept will not only allow you to build wealth overtime, but it will help you reach financial security as you establish an emergency fund for rainy days. When you decide to start investing, it is a good idea to consult with a qualified financial planner about your financial goals. Always check the credentials of financial planners before you commit to investing your money.

For more information, please view the Consumer Action Handbook.

The information about savings and investments has been drafted from Penn State's Financial Literacy and Wellness Center.