Savings Day – Plan and Start Young

It’s Build Your Savings Day. Having a savings plan when you’re young is the ticket!

Start by paying yourself first. Then set up automatic transfers and you don’t touch the account. Save something even while paying down debt. Reduce your debt with any extra income so eventually, those payments can also go towards savings.

The advantage of starting young is the power of compound interest. While others are spending their money, save and grow yours. Ten years of frugal living will impact your life. Habits will be cemented and you’ll reap the rewards of good financial stewardship.

“Whatever you do, do it with all your heart, as working for the Lord, not for human masters.” (Colossians 3:23)

For help building your savings account, check out the ELI App on crown.org.