GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Saving money: the cornerstone ofpersonal finance.
Striking the right balance between saving and spending can result in financial growth and stability.
If youre behind on saving money, dont fret.
Theres one guiding principle that can help you get started:the golden rule of saving money.
This fundamental principle encourages you to prioritize saving over impulsive spending to help secure your financial future.
Saving for your future now creates healthy financial habits and can have positive long-term benefits.
Consider setting up automatic deposits to a high-yield savings account that aligns with your payday.
Steps To Implement the Golden Rule of Saving Money
Implementing the golden rule requires careful planning.