How to break the piggy bank and start saving

Get ready to get your money out of the piggy bank and into a bank account.

If you are under 18 years of age you can open a checking or savings account under your parent's name.

Over the age of 18 you are considered an adult and can open your own bank account. It is easy to do and takes only 10 minutes.

One thing to make sure is that there are no hidden charges or fees. You want a simple bank account.

Consistently put away some money every month towards gaining long term financial freedom. This can be anything from $100 a month upwards.

Make sure to open a Roth IRA which is a type of retirement investment account with tax advantages. Putting money away consistently at a young age will give great results in retirement age where you can expect $1,000,000 waiting for you to collect.

Shoot for saving rate of 20% to 30% of your gross income. To do this, make sure you live below what you make, watch your spending and don't spend money on things to impress others. Flashy car anyone?!