It’s a great time for finance — even if you don’t realize it. Sure, there are things in the economy that aren’t great. Unemployment is at an all time high, and this makes the whole market quite uncertain. When there aren’t any jobs or those jobs are tough to get, that means that people are going to feel like holding back on spending. However, is that always a bad thing? While it’s a bad thing from a business perspective, it’s a great thing for consumers. The tough times are teaching people that now is a great time to actually save their money rather than keep buying material things that aren’t going to do anything for them. Thankfully, you can always make sure that you are safe no matter what the economy brings by joining the savings revolution. By making sure that you save your money, you’re actually investing in the most important thing in the world — yourself!

Ready to get started? The hills are definitely alive with the sound of saving, and it’s not that hard to jump right in. The first thing that you’re going to want to think about is the actual plan that you want to create. What are you saving your money for? Indeed, if you’re one of those people that don’t have an emergency fund, you’re going to want to make sure that you actually have that in place. It needs to be as liquid as possible because let’s face it — the last thing that you actually want to do is have to wait several weeks to get your money if the worst were to happen, right? Right — this is actually the case of the investment accounts. A lot of people don’t think about that until it’s too late, and that leads to a lot of short term aches and worries that shouldn’t be there at all.

If you’re trying to save for another type of goal, the length of time that you have is going to determine the best type of savings account that you can think of. Certificates of deposit are nice when you have a long time before you have to cash them out, because you can just keep rolling them together rather than just letting everything sit unused. The more interest that you can build, the more that your money will be electrified to work for you.

Electrified? Well, that’s our term for it — the more power you give to your money by saving it, the more likely it is that you’ll have extra money to really get things done. How many times have you walked around your home and saw all of the things that needed replacing and you sighed, realizing that you didn’t have the money? That’s why a savings account is so powerful. Instead of borrowing money, you can actually tap into your own resources.

Of course, when you pull money out of your savings account, you should always make sure that you take the time to replace it when funds allow. This will keep your savings accounts fresh and ready to be used again and again. Far too often newcomers to the world of saving just assume that they have all of the time in the world to replenish their savings account, so they don’t make it a priority. Folks, the things in life that aren’t a priority for you will get brushed under the table each and every time. It’s easy to make excuses, but what will you do when your life doesn’t turn out the way you planned it?

Just going out and getting the first savings account that you find is not the way to go either. We know that we’re urging you to take action as soon as possible, but you will want to still look out for certain features that are going to make your life a lot easier. One of those features should be a low account minimum, or better yet — no account minimum. You don’t want to be penalized just because you’re starting out from a different perspective than other people might be starting at. Having no account minimum means that you are on your own schedule as far as savings goes.

Speaking of scheduling, you will want to make sure that you can schedule deposits. If you’re like most people, you’re already receiving a steady stream of income through a job or even a business. Why let that money just fall into the air? Make sure that you set aside a portion of your money automatically each and every pay period. That way your savings account is filled up slowly, but consistently. That’s the real way to build wealth over time. It might be painful to sit back and think about how such small money can grow into something bigger — it might seem downright impossible. However, interest is usually compounded on itself, which means that you have a good chance of growing your money as long as you leave it alone.

We cannot stress that enough — once you start a savings plan, you really need to leave the principal alone so it can grow. If you don’t need the money, there’s really no need to mess with the account.

Most banks have embraced the digital area, so it’s actually pretty easy to look at your account and make sure that everything is okay. Remember that in the United States savings accounts are protected under FDIC deposit insurance, so you aren’t going to need to worry about your deposits going up in smoke with no recourse. Since the FDIC was started, no one has ever lost any of their savings due to a bank failure.

Now is the perfect time to join the savings revolution — are you ready?