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Saving Money

With practice, you can build the habit of saving money. Learn how!

Learn About Saving

Taking the time to build solid saving and budgeting habits now can result a financially secure future. Whether you are just getting started with your first budget, building your emergency fund for those unexpected expenses, or looking to save more money, Old National can help!

  • Reasons To Save

    Why worry about saving money? Overall, having money in savings provides security and peace of mind. Some of the main reasons to save include:

    • Being prepared for the unexpected, such as car repairs.
    • Planning for a future goal, like saving for college or buying a home.
    • Covering a shorter term expense, like a vacation, without turning to credit cards.

    Life is less stressful when you can cover expenses without worrying how to pay for them.

    New to saving?

    Take a moment to understand key savings terms.

    Not sure which savings account is right for you?

    View your savings account options.

  • Guidelines for Saving

    Financial experts recommend saving at least 10% of your income. Your goal should be to have a minimum of three to six months of living expenses saved, so you are prepared for sudden emergencies or an unexpected loss of income.

    Saving money can be difficult, with statistics showing about 40 percent of people having no money put back to cover emergency expenses. So how do you start? Don’t treat saving as the lowest priority, or you may never get around to it. An easy place to start is to look for ways to shave money off of your daily spending. For example, eat breakfast at home instead of hitting the coffee shop drive-thru. Use our income-and-expense worksheet to get started considering your cashflow.

More About Saving and Your Finances

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    Savings Plan 101

    Start with the basics. Develop a plan you believe in — and that you can stick to.

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    Money Myths and How To Tackle Them

    Many people put off their money goals until later. Achievement happens when you start now. Learn how.

  • Typing on a calculator

    Savings Calculators

    How long could it take to reach your goal? Which savings option makes the most sense? You can calculate that, and more!

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