Mr. Meyerson, Redcatcec has some great ideas. I believe that establishing savings requires two things. First you need to establish a goal, then write the goal down and put it on your mirror to look at it every day. Then write down some action plans to accomplish that goal. The second thing you need to do it put together a spend plan or budget that includes your monthly savings goal. The secret here is to pay yourself first, in other words put that savings goal away in your savings account first before you spend any more of your money. Pay yourself (or your goal) first. So let's say you want to save $10,000 for school over four years of schooling. You would need $2,500 per year or $209 per month in savings. $209 goes into your budget. If you need more or have more time to save, the math is the same. What I tell parents who want to save for college is that as soon as their child is born that savings starts so that they have 18-20 years to accumulate wealth. You may not have that time frame so the savings challenge might be harder, but if it is your goal then take action to make it happen.