You've gone to the bank and opened a savings account with an initial deposit — now what? A savings account is an ideal way to safely and securely set aside money for the future or a rainy day, but it can be hard to build it up. Below are a few tips for starting your savings account on the right foot, no matter what your income level might be.

3 Ways to Build Your Savings Account

1. Make Small Changes

First, take stock of all the ways you spend money throughout the course of a day, and see where just one cut can be made. For instance, consider cutting out a daily specialty coffee, try to pack your lunch instead of eating out, or take public transportation instead of driving. Then, take the few dollars you save with this small change and put them directly into your savings account. You will likely be shocked at how quickly the additional money adds up to a more substantial sum.

2. Pay Yourself With Each Paycheck

With every paycheck, set aside a certain amount to deposit into a savings account. It doesn’t have to be a significant amount of money — even just a dollar or two is acceptable. However, the more you can spare, the better. When you get in the habit of paying yourself with each paycheck, those seemingly small deposits will accumulate over time.

3. Set Savings Goals

Everyone has certain items they want to purchase either in the short-term or at some point in the future. Whether it's a house, a car, a new pair of designer shoes, or a weekend getaway, set a savings goal. Determine a date by which you want to have the item in your possession. Then, decide how much needs to be put away in your savings account between now and then. Divide that amount up over the ensuing weeks, months, or years, and you'll know how much to set aside to reach that goal.

For more tips on how to manage your savings account, or to open one up for the first time, turn to Talbot State Bank. With two convenient locations in Woodland and Fayetteville, GA, the locally owned bank is committed to making sure residents of Talbot and Fayette counties have a secure financial future. They offer all manners of financial services, including savings and checking accounts, online banking, and safe deposit boxes. To start saving today, call them at (770) 692-0900, visit their website, or message them on Facebook.