1. Spend less money than you bring in. You might need to earn more by getting a part time job or by spending less.

2. Saving and Investing your funds. Try to put your savings on automatic. Have a portion of your pay put into savings before you even see it and you won’t miss it.

3. Invest for the long term. Put money into an index fund or let the power of compounding work for you in a money market or cd. Checkout Bankrate for interest information on money markets and cds.

4. Don’t touch the money if you don’t have to. Many people put money away and then they can’t stand to leave it alone and they have to use it for something. Put aside money for an emergency and put money aside for savings. When a problem arises use the emergency fund and let the savings grow so that you have something to retire on eventually.

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