5. Save for children college funds

• Start Saving ASAP. Money you put in your retirement fund now will have more time to grow through compound growth.
• Avoid cashing out your retirement account early as it prevents your money from being invested and leads to penalties and tax bills.
• Contribute mo...

Once you set up your savings goals, chances are, you won’t even notice the money getting pulled from your checking account on a weekly or monthly basis. 

You just need to do the hard part of setting up your automated savings.

To do this, you'll want to use an app or bank accou...

• Make savings part of your monthly budget. 
• Keep your savings out of your checking account, as it may prevent you from spending it.
• Open a savings account at a different bank than where you have your checking account so it won’t be too easy transferring be...