April is Financial Literacy Month in the United States, and may be a much more sobering time than New Years to make a successful financial resolution. Since it is the frequent and regular repetition of saving the same amount that will feel the most psychologically rewarding, choosing a method or technique that appeals to you will only increase your chance of success. From a coin jar to a phone app and everything in between, the key is to get started and keep repeating…

One out of four American families have no savings at all.

It seems as though everywhere we turn we hear of another financial advisor saying we need to save over a million dollars for retirement. It is very easy to give up without ever starting, if you are one of the many who haven’t saved anything at all. Before most people can find success with any sort of long-term comprehensive financial plan that an advisor recommends, they need to feel the success of their own day-to-day financial efforts.

Saving is best accomplished by forming new habits – the less disruptive and more automatic they are, the more successful they will be. It is also important to tackle only one or two changes at a time, so you are not overwhelmed. Taking one small step at a time and turning it into a financial routine is much more achievable than trying to implement a long list of time-consuming ‘recommendations’ that most people give up on.

It is important to start the routine of saving any amount of money, even if it is with no interest. Saving money takes discipline, so practise it any way you can, even if it is simply putting all your loose change in a jar every day. Once comfortable with a saving habit and seeing your money start to grow, you will become confident enough to move on to investing. Of course interest is important and makes a huge impact on wealth accumulation, but for right now it is more important to just get started. You don’t need to immediately jump from not saving a dime to investing in the stock market, just because a commissioned financial advisor said so.

For tips, videos, and more: see The Art of Saving module at DNotesEDU.