The best time to start saving is when you are young and single. You only have to think of expenses for one person and most single people do not have other financial obligations to fulfill. Here are some tips to get your funding going:

Write down your goals – what you wish to own in a year’s time, five year’s time, ten year’s time and so on and so forth. Share these goals with other people. Having goals will make you stay focused on your resolve to save.

Try to dedicate part of your income to investments. The younger you start, the higher the returns will be, especially if you count the compound interest. The key here is to make sure that you invest carefully. Ask, do some research, or hire experts, and don’t forget to keep in touch with the economic news – the more information you gather, the better decisions you make.

Make room for health and disability insurance. Sure they might get a chunk of your monthly income, but being single and getting sick which immobilizes you will be a problem later on. If you have health and disability insurance, you are assured that you have enough to cover expenses until you can work again.

This is the same for emergency funds, which you can use to cover unexpected expenses. You can try for 3-6 months of after tax income. Start with a thousand dollars.  More of this here.