It’s never too early or too late to begin saving. Saving is key for financial stability and independence. Studies show most Americans are carrying an increasingly large percentage of debt versus savings, so now, more than ever, it’s important to focus on developing good saving habits.

Beginning to save can be intimidating, but with the help of your community bank, creating and maintaining savings funds should be one less thing you need to worry about.

Check out these simple tips from the Independent Community Bankers of America to help you boost your savings:

Save automatically: Many employers offer regular payroll deductions, which is one of the best ways to start and keep saving money. Make it a routine to automatically put aside a certain amount of money each paycheck, or create an automatic transfer from your checking to savings account each month.

Make a plan: By creating a spending plan, you can list your expenses and compare them to your income. The plan will help prioritize what are necessities and wants for the month. Attempt to use your credit cards more efficiently, too. Doing that can help ensure that you will not take on too much debt and can minimize interest charges.

Start small and set goals: Even saving loose change is OK. Aim to create an emergency expense fund of up to $3,000 so you are covered the next time your car breaks down or your hot water heater breaks. After you have an emergency expense fund, begin saving with the goal of putting away six to nine months of living expenses.

Fortunately a good savings program can begin any time. Visit with a community banker to help create a savings plan that will reach your financial goals. Through information, advice and encouragement, a savings plan can greatly benefit those who wish to pay down debt, build an emergency fund or save for a home, education or retirement.