Most people know they should save. Far fewer know why they're saving, and that's exactly where it falls apart.In episode 2 of our Financial Literacy series, I'm joined again by Lynett Kyalo, founder of Financial Fitbit Consultancy and host of the  @getyourbagrightpodcast  to break down savings from the ground up.We get into why saving and investing are not the same thing, the two savings accounts every person needs (emergency fund + sinking fund), how to spot the money leaks quietly draining your income, and why chasing the highest interest rate might be the wrong move if you don't yet have the discipline to leave money alone.Lynett also makes the case for the ”boring” tools everyone online loves to bash: chamas, SACCOs, bank fixed deposits, even education policies. The best savings vehicle isn't the one with the best returns. It's the one that matches your money personality and actually keeps you consistent.If you've never saved a shilling in your life, or you've been employed for years and still have nothing to show for it, start here.⏱ Timestamps00:00 – Intro02:39 – Lynett's biggest financial mistake04:17 – Why is insurance penetration in Kenya so low?06:10 – What savings actually are06:58 – Savings vs. investing: the real difference08:46 – When a savings account becomes an investment11:27 – Where to start if you've never saved before12:04 – Emergency fund vs. sinking fund14:16 – ”I'm in survival mode” — can you still save?15:49 – Finding your money leaks18:21 – The M-PESA auto-save feature you should opt into today24:12 – What living beyond your means really looks like26:29 – Money decisions are emotional decisions29:05 – Beginner-friendly savings avenues: chamas, MMFs, Mali, SACCOs36:52 – Why low-interest forced savings sometimes wins38:02 – The truth about education policies40:38 – Know your money personality before you pick a product49:16 – Lynett's 5 savings tips53:04 – Your business needs savings too54:13 – Wrap up🎧 Listen on: YouTube | Spotify | Apple Podcasts👉 Watch Episode 1 first. We covered budgeting, and it's the foundation for everything in this one.💬 Tell me in the comments: what's the ONE thing you're implementing from this episode? I'm opting into the M-PESA auto-save today, so keep me accountable.Don't forget to subscribe, hit the bell, and rate us on your podcast platform.Guest: Lynett Kyalo, Financial Fitbit Consultancy | Get Your Bag Right PodcastHost: Martha Munyeki | Insurance Banter Ke (+254700303906)#FinancialLiteracy #SavingsTips #PersonalFinanceKenya #MoneyManagement #EmergencyFund #SinkingFund #Chama #MoneyMarketFund #MPESA #KenyanPodcast #BudgetingTips #FinancialFreedom #WealthBuilding #DiaryOfABuddingEntrepreneur