Without clear-cut financial goals, your bank account is more likely to be empty than brimming. If you let this habit slide too far, you may even find yourself in debt.

In fact, according to the U.S. Department of Commerce, the average personal savings rate in America was -1.2 percent in February 2007, meaning more people are borrowing than saving.

However, it doesn’t have to be that way if you make the commitment to pay yourself 1st and truly commit to a savings plan. Click the icon to the right for resources on how to start saving in a planned and consistent manner. In particular, I have found the goal-setting worksheet useful. It will help you set realistic, attainable savings goals.

The end result? You’ll enjoy greater financial freedom. You’ll make progress toward getting out of debt. Big dreams like owning a home, paying for your children’s higher education or funding your retirement now become possible. I hope you find this helpful.