Saving helps you build an emergency fund, achieve long-term goals, and prepare for retirement. Retirement seems very far away and unnecessary to think about now, but the longer you wait to prepare for retirement, the longer it will take you to retire and enjoy a work-free life. But saving for retirement is just one reason to create a savings plan. How about saving for something like a gaming computer. If you wanted to purchase a $500 gaming computer in 6 months, then how much would you have to save each month to be able to purchase this computer?