 TITLE: How to Manage Your Money CONTENT: Start Saving\n------------\nSaving money can help you meet your short- and long-term financial goals. Whether you'd like to retire by a certain age, buy your first house or fund your child's college, saving is essential. Here are money-saving tips that can help you out:\n*   **Create an emergency fund.** Emergencies happen when we least expect them, making an emergency fund crucial. With an emergency fund, you can pay for unexpected expenses such as car repairs and medical bills without getting into debt. Start by saving $1,000 in your emergency fund and eventually save enough to cover three to six months' worth of expenses.\n*   **Save for retirement.** The sooner you start saving for retirement, the more time your money will have to grow. To save for retirement, take advantage of your employer's tax-advantaged retirement plan such as a 401(k). If you don't have access to an employer plan, you can still save money for retirement with a traditional IRA or Roth IRA.\n*   **Cut expenses.** By cutting your expenses, you'll have more cash on hand to save. Take a look at what you currently spend money on and see where you can save. You can move to a smaller house, get rid of cable, buy generic instead of brand-name items at the grocery store, and cook more, just to name a few ways to cut back. END