Saving is essential to building your long-term wealth, and it is important to save early in life and often. Regardless of your age, you should save a percentage every time you receive money, whether it’s from a paycheck or a monetary gift. The everyday decisions you make about money can have a lifelong impact. Saving allows you the freedom and flexibility to fulfill your goals and helps you develop good personal finance habits.

Not a natural saver? No problem. Getting started is easy. There are many ways to scale back your spending and various resources to help. Start small and see how quickly your money can grow.

First, let’s test your saving knowledge.