If you don’t already have a buffer fund or an emergency fund, please get one this week. Few things have the power of an emergency fund, and this is a step you can take financially in minutes. Today, determine one thing you can give up this week – maybe you can rent a movie or borrow one from the library. Maybe for one week, you can avoid dining out, getting fast food, or entertainment costs. Put the money you save into your emergency fund.

Today, call your bank and find out how to establish a savings account. Look for a savings account that has a low monthly fee. Some banks offer online accounts which are less expensive than many traditional accounts. Ask your bank whether they offer you the option of rounding up purchases you make on your debt card purchases and depositing the difference in your savings account. If your bank offers this service, sign up for it. It’s a great way to build up your savings account without missing the money. While you’re talking to your bank, ask them about their interest. Look for the highest interest savings account you can. Now, commit to adding to your emergency or buffer fund each month, even if you can only contribute a small amount some months.