Here are my weekly money savings tips: 1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score. 2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return. 3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money! 4. Set aside 10% of your paycheck towards some form of long term savings account, like a money gold for cash market account, mutual fund, retirement plan, or 401K. As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation. 5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free. 6. If you are losing sleep over an investment, whether its a stock, mutual fund, or retirement plan, its not worth it! Your lack of sleep is probably a good indication that it may be too risky, too good to be true, or just not the right invesment for you. 7. If an investment is projecting returns that are just too good to be true, they probably are.