Saving money takes time, dedication, and discipline. So, is it really worth establishing a savings account? Or is keeping all your money in a checking account essentially the same thing?

When it comes down to it, financial experts agree: It is absolutely worthwhile to have a savings account. Establishing a personal savings account is a great way to ensure that you have the funds to cover unexpected expenses (like those pesky car problems) or sustain yourself for a few months if you lose your job.

If you don’t currently have a savings account, don’t stress! Better late than never, right? Here are some of the easiest ways to build a savings account and get started right away.

Easy Ways to Build A Savings Account

Open an account online.

Most banks have a website and app that their customers can use to easily access and manage their money. If you aren't already, consider using these tools to open a savings account online. The app or website should walk you through the process and give you options to help you determine which type of savings account is right for you. You can always visit your local branch to speak with a banker for more details too.

Use a personal budgeting software app to automate your savings.

Manually transferring money to your savings account can be a pain. Not to mention, you may even accidentally spend the money before you have a chance to save it! Fortunately, you can build a savings account with a personal budgeting software app that automatically saves for you. These types of apps can review your budget, recommend a manageable monthly amount to save, and schedule the regular transfers for you, so you can sit back and relax while you effortlessly save.

Find An Accountability Partner

If you want to build a savings account, you should know that it won't always be easy to stick to your savings plan. However, finding an accountability partner can help you stay strong and resist blowing your money on that new pair of shoes. Whether it's a close friend, a family member, or your spouse, share your financial goals, and establish a plan to stay accountable.

Read a similar article about budgeting app here at this page.