A Long-Term Guide to Saving Money for a Secure Financial Future

Whether you are young or old, saving is the key to an early retirement.

The most important investment that you can make is too invest in stocks. If you are new to saving and don't have the money to invest, open a high interest savings account. ING direct is a company that offers a great way to save because they offer no minimum balance, no fees and the freedom to transfer funds to your other accounts at no cost.

Add between $25 - $100 a month on average. If you are able to save more great. When you have a reasonable amount of cash, move it to an IRA. Sharebuilder is a good place to start. They offer automatic payments from your checking account which makes life easier for you. Just set up a monthly payment and leave it alone.

Set savings goals. Set for yourself both long and short term savings goals. Some examples are saving for a house or car. Write down when you would like to purchase your first home and how much you will need. Put the numbers into an Excel Spreadsheet and start saving. Break into down into years, months and weeks. You should also add this money to a high interest savings account so that your money can compound over time.

When you set your savings goals, make sure you have a time frame. You don't need to be exact but having a time frame makes your goals a reality.

Set up a budget. Keep track of your expenses and income. Open an account on "Yodlee.com". This is a great personal finance site and it's FREE and SECURE. You can also set up an Excel Spreadsheet which breaks down your expenses vs. income. At the end of each month, update your spreadsheet and if you come across any extra money, transfer it into your savings account.

The hardest step of all....Stop using credit cards! Credit cards are a savings killer!

Trim your expenses if possible. Cut back on fast food, eating out and bars