One of my clients is Nidia, a 23-year-old that I started working with a year ago. When we first met, her goal was to save money for her wedding. We worked on creating a budget together, and after reducing her expenses, she was able to save $400 per month.

Since Nidia only had a checking account, I recommended that she open a separate savings account and have the bank split her paycheck between the two accounts. She followed my advice, and after following her budget and not touching the money in her savings account for a year, she recently told me that she already has $7,000 in savings!