Continue installment payments once a loan is paid off. If you've finally paid off your credit card, reallocate the money that you earmarked to pay off the debt and put it in a savings account. Set aside a regular amount each pay period and put it in the bank. Better yet, direct deposit money to a savings account. Maximize your contribution to your company retirement plans especially if they are matching dollars.
Many people feel they have to put a lot of money away in order for saving to be beneficial.
There are many options for those who can't afford to put a low away. Investing in your company's 401 or 403 is the first place to start. Buying shares of mutual funds from a broker or financial institution is also a simple start. There are several mutual funds that will allow you to make small monthly contributions. You can also give your money to trust a administrator in a bank or other financial institution who for a fee will invest your money for you or you can buy an annuity from an insurance company.