Let’s face it; sometimes in life there are times that require cold hard cash. Unfortunately, if you’re like millions of people in the world, having an emergency fund is not on your list of things to do. Although it may seem like saving money for a rainy day can be difficult, there are things you can do to make it easier. A cool way to get the nest started is to start small. Setting little goals, like saving all the change from your dollars is a great way to get the ball rolling. For some people who are in a more difficult position it might be more substantial, like paying off an outstanding loan and not reborrowing.

You will be surprised at how much money you save from saving your change. One thing that you should consider is the accessibility of the funds. Do you want to keep it in a jar on the counter, or keep it in the bank? Having quick access to the money is important. If you’re thinking of keeping the money in the bank, make sure you have a debit card to withdraw the money. If you’re thinking of investing the money you already have, and you want a higher return, you should look into a TSFA account, it has great tax benefits, and will give you the best returns.