1. Save windfall income: A very simple theory. You managed to get along without the unexpected bonus, tax refund, overtime pay or gift, so why not keep on that way and save the extra money?

2. Try frugality. Cutting back on eating out, entertainment or pleasure drives can save money quickly, even though it might cause some sacrifices and might even change your lifestyle.

3. Develop a habit of saving. Even if you can only set aside a very little every month, discipline yourself to do so. More than half the battle is physically setting the money aside.