'Power of 2': Improve Your Finances

May 14, 2008— -- Every month, you write checks to pay your landlord, your electric bill, your phone bill, maybe the car company. But the first check you should be writing is to yourself.

"I'm such a believer in paying yourself first, in making sure you've got money that's going into your bank account before it's going to anything else," says Jennifer Openshaw, president of WeSeed and author of "The Millionaire Zone."

Click here to participate in a question and answer session with Openshaw from 7-8 p.m. ET and PT.

Click here to learn more about Openshaw's book, "The Millionaire Zone," which is about overcoming barriers to financial success.

Texas working mom Roxanne Neatherlin rarely puts herself first and, as a result, she's among the 22 percent of Americans who have no savings.

"We probably should have been thinking of our future before this. We were just living life and we were happy. Money doesn't mean much to us. We have family, we have friends, and that's what we need," Neatherlin says.

She added that she wants to give $500 to her daughter when she graduates, even though it doesn't make good financial sense for her now.

"A lot of people -- they're going to save their money or they're going to pay bills or pay for the fuel prices. But I have other plans for my money. I've always wanted to give my daughter $500 when she graduated," Neatherlin says. "After Lisa graduates, we'll start saving. It's always something else that comes up. We'll eventually get there."

If 40-year-old Neatherlin had started putting aside just $25 a week when she was 25 years old, today she'd have a nest egg of more than $28,000, instead of no nest egg at all.

"People don't realize, until they have a calamity, that they need that savings," Openshaw says. "Her daughter is just starting out right now. She has got a whole life ahead of her to take care of her financial future. She's going to college, after all."

And to make sure you get started now, use some money from the government's rebate program to write the first check to yourself.

"Yeah, I probably do need to be a little more selfish, and that's my problem," Neatherlin says.