When it comes to money, the temptations to spend are everywhere. Why save for a rainy day when you can get that stylish new purse or snazzy sneakers right now? But if your long-term goals include buying a house or having enough to live on when you retire, setting saving goals today will pay off later.

Why Save? Life’s uncertainties can have an immediate impact on your income: you lose your job, your car needs a costly repair, or you have medical expenses but no health insurance. Having an emergency savings fund to tap into can fill in the gap until you’re back on your feet. Even better, building a nest egg for your future financial livelihood offers peace of mind for the golden years.

Once you establish how much and how often you want to save, taking action is easy. One way to start is to take 20% of your take-home salary and place it in a savings account. Some employers will automatically transfer your preferred amount to a bank or credit union account, so you never have to worry about transferring funds each week. If your employer doesn’t offer this, set up a reoccurring transfer with your bank.

If you’re expecting a significant amount on next year’s tax refund, consider splurging a little on something fun and stocking the rest away in your savings account. Depending on the amount of the tax refund, the additional funds can provide a real boost.

For those looking well off into the horizon—such as saving for retirement—take your annual net income and multiply it by 25. The figure can provide you with a pre-inflation estimate on what it may take to live comfortably as a retiree.

Minute Loan Center understands consumers experience many unfortunate life scenarios—from divorce and foreclosures to bankruptcies and job loss. The understanding and compassionate loan officers believe in giving second chances to individuals who are having a hard time getting approved for a personal loan.

When you’re in need of a consumer loan to get you back on financial track, Minute Loan Center works hard to say “Yes” to applicants. To learn more about your loan options, visit the website to find a location near you.

To learn more about loan solutions for the holidays, visit HERE to find a convenient location in Delaware, California, Nevada or Utah. You can also apply for a loan online!

The information provided is for informational purposes only and is not a substitute for professional financial advice. You should consult a credit counseling professional concerning the information provided and what should work best in your financial situation. And any action on your part in response to the information provided is at your discretion.