Module 2: Smart Savings

Building Your Financial Safety Net

Smart Saving Basics

Why save money?

  • Emergency preparedness
  • Future goals
  • Financial security
  • Peace of mind

Types of Savings

Emergency Fund

3-6 months of expenses

Goal-Based

Vacation, Home, etc.

Retirement

Long-term growth

Saving Strategies

Pay Yourself First

Save before spending

Automate

Set up auto-transfers

Track Progress

Monitor your goals

Level 2 Challenge

  • Allocate $500 total
  • Emergency: Min $200
  • Investment: Min $150
  • Vacation: Min $50

Tips for Success

Key Rules

  • Start small
  • Be consistent
  • Stay committed
  • Review regularly

Practice Now

Ready to build your savings?

Start Level 2 →