Why saving is important

Saving money can feel tough, but it doesn’t have to be. Whether you’re new to personal finance or just trying to get better at it, Wealthist can give you simple steps to save money and help you decide when it’s time to start talking to a wealth manager. Let’s break it down.

Saving money matters

Saving money is the first step to building wealth. It gives you a safety net for emergencies, like a car repair, and helps you reach big goals, like buying a house. When you learn to save money, you take control of your future. Plus, it reduces stress—knowing you’ve got cash stashed away feels good.

Start small. Just cutting out that $7 Starbucks you get every day, would add up to over $2500 over the cource of a year. That’s enough for a vacation or to start your first investment account. The key? Make saving a habit.

How to save money in 3 easy steps

Here are three simple ways to start saving money today:

1. Make a budget
   A budget is like a map for your money. Get started by creating your free Wealthist account, then list your bills - like rent, food, and phone - we'll walk you through it. Whatever’s left, save some of it. Try the 50/30/20 rule: 50% for needs, 30% for wants, 20% for savings. It’s an easy way to learn to save money without feeling broke.
2. Cut small costs
   Little expenses add up fast. Skip that last minute Uber Eats delivery a few times a week, and cook at home. They add up. Take a look at your subscriptions too — Most streaming services have no penalty for stopping and starting, so only pay for the ones you're currently using. Small changes can boost your savings big time.
3. Set goals
   Want a new phone or a dream trip? Give your savings a purpose. Goals make it fun to save money. Open a separate savings account and watch it grow. Wealthist can even help you track everything.

When are you ready to talk to a wealth manager?

Saving money is awesome, but sometimes you need help to grow it. That’s where a wealth manager comes in. They’re experts who guide you on investing, planning for retirement, or managing big cash. But when do you need one?

If you’ve saved a lot: If you’ve got $50,000 or more sitting in a bank, a wealth manager can help it grow faster with smart investments. Cash just sitting there loses value over time due to inflation.

Big Life Changes: Getting married, having kids, or buying a house? A wealth manager can plan your finances so you’re ready for anything.

Feeling Lost: If financial planning feels overwhelming—like taxes or stocks confuse you—it’s time to call a pro.

Not sure? Many wealth managers offer free chats. Ask questions like, “How can I save more?” or “What’s the best way to invest?” It’s a low-risk way to see if they’re right for you.

Start Small, Think Big

You don’t need to be rich to start saving money. Begin with what you have — even $5 a week is a win. As you get better at personal finance, your savings will grow. That’s when a wealth manager might make sense, turning your hard work into real wealth.

Try this: Set a goal to save $100 this month. Use a budget, skip one takeout meal, and put the cash away. You’ll be amazed at how fast it adds up!

Saving money is your ticket to financial freedom. It’s not about being perfect — it’s about starting. Use these tips to build a solid base, and don’t be afraid to ask for help when your money grows. A wealth manager can take you from saving to thriving.

Ready to learn more? Wealthist can help you boost your savings and plan your future. Get started now to get your money working for you.