Why don’t you make your savings automatic- that is after you finish paying off those high interest credit cards? Let me address the latter before tackling the former.
It makes no sense to put your savings in a bank account with less than 2% interest while your credit cards accumulate debt at 16-20% interest. Plus, if a true emergency occurs (i.e. your car breaks down) you can access that money on your credit card just as easily, if not more so, as if it were in your savings account.
Once you’ve paid off those high balance credit cards set up at least one savings account. Give them names based on your financial goals: New Car (well new to you), Trip to Hawaii, Rainy Day, etc. Once you’ve put away $1,000 or more you should start considering other investments with higher returns like stocks, mutual funds, IRA’s, etc.
Either make contributions to your savings accounts automatic on the day after pay day or make sure you write the check to these accounts (or transfer funds) first thing BEFORE paying even a single bill. Trust me, you’ll learn to live on what is left over.
Now you are climbing out of debt and building up a financial future- both freedom and security. I don’t know about you, but I cant wait to experience the feeling of being debt free!