It can be difficult to save money for the future, especially if you aren't earning a high income. If you haven't started saving yet for your important goals, a trusted financial advisor can offer some great advice to help you build your emergency and retirement savings. The financial consultants at Daren Katayama CPA, located in Kailua-Kona, HI, discuss some excellent tips for saving money below.

These three tips from a financial advisor can help you grow your savings:

• Start Saving Early: The best way to build your savings is to begin as soon as you can. Try directing some money from your paycheck, 15% if possible, into your savings account to automate the saving process and grow an emergency fund. When you find yourself with extra money from a bonus at work or a tax refund, put some of that money into your savings account or retirement fund.
• Create A Budget: A budget can help you keep your short- and long-term savings goals in perspective. If your financial situation changes due to a job loss or high medical bills, you can make changes to your budget and savings goals.
• Control Your Debt: While it's important to begin investing at an early age to take advantage of compounding interest, you also want to pay off your credit card and other debts. Eliminate debt with the highest interest rate first, as it costs you the most money over time. Avoid using money from savings to pay debts, as doing so can put you behind on your savings goals.

The financial consultants at Daren Katayama CPA offer knowledgeable tax planning and accounting services. Give them a call at (808) 329-6635 to discuss your savings plan with a professional financial advisor, or visit their website for more information about their expert financial and accounting services.