Albert Einstein allegedly described the way that you can make money from the interest on your savings as the "eighth wonder of the world". He was talking about the miracle of Compound Interest.
He was justified in his excitement about the way the bank will give you extra money for allowing them to keep your money on deposit. They will lend your money to other people who have become borrowers, and in exchange will reward you with a percentage increase on your own initial money. The money they give you is the result of compound interest.
The sooner you can put some money aside, the better. If you can then add a regular amount - no matter how small - to your savings, you will see your money grow time and time again over the years. This is the principle of money working for you whether you are working, sleeping or playing.
You can start by trying to save an amount from your earnings each month, an amount that is the same each pay check, but even easier than this is to go for a percentage of each amount. The reason that a percentage works so successfully calculate. No matter how much you earn or bring in each pay period, if you tell yourself that you are going to save 10% or 5% your mind will always be able to calculate the amount you need to deduct from the pay check.
Get into this habit of paying yourself first. It will always stand you in good order and create the growth of the savings.
If you allow yourself to think that you should pay your bills and your expenses first and intend to save what is left - guess what - there will be nothing left.
But if you do set aside that 10% from everything you receive then before you look at the bills you have the comfort of knowing you already have 10% set aside as savings for the long term. And almost by magic the 90% that you have left for everything else seems to expand and to grow such that you do not miss the 10% you have already put safely away for your future.
Get started now and you will love it and what it does for you. Enjoy knowing the pleasure of having a consistently growing nest egg for your future, and one which is within your own control and has been structured through your own diligence and wisdom. Each time you get a dividend or interest check, take some of the money and spend it lavishly on yourself, re-investing the remainder so that your balance continues to grow and bring more benefit.