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If you are able to keep a goodly amount of money in a savings account, are you getting the best interest available? You may want to put some of this money into a Certificate of Deposit. Check with your banker for the best rates to let your money work for you. If they offer you...say...5-1/4 interest on a 6 month C.D., ask if there is any way to earn more interest. I do, and I always get a better rate. Then have the bank deposit your monthly interest earned from the C.D. into your regular savings account, building up more savings! Remember, you pay taxes on income earned, but then you'll have these savings to pay the taxes.