Bindrunes can be used for anything in life you're looking to receive help with. Saving money, protecting your home, finding love or a new job. Whatever intent you have, a bindrune can exist for it. The materials you use will vary depending on how long you need the bindrune.
For a one time ritual you can use paper or wood.
For an extended use you can use wood, antler, clay or leather.
For more permanent use, metal or rock.
There's many other materials you can use but these are just examples.
When creating your bindrune I recommend consecrating it afterwards. Once consecrated you can use it immediately in your ritual, leave it on your altar or carry with you. There is no "right" or "wrong" time to use it, just follow your intuition. Bindrunes can also be given as offerings to the God's and Goddesses.
THE STEPS OF CREATING YOUR BINDRUNE:
1. Memorize each of the runes, their shape and meanings.
I work with the Elder Futhark and memorized them by using flash cards.
2. Determine your intent of the bindrune.
Do you need help saving money? Are you looking to find a bit more happiness in your life? Decide what you want to accomplish by creating this bindrune.
3. Pick your runes.
Now that you have an intent, go through the runes and find which ones are most suiting for your needs. I recommend using 3-5 runes. More than this might make the bindrune unfocused.
4. Design the bindrune.
Write your runes on a piece of paper and draw out several designs. Which combination calls to you the most? Which ever seems most suiting will be your bindrune.
Often times after creating your bindrune you will find hidden runes within it. For instance, the Isa rune will always be within your bindrune. Check and see what other hidden runes are within your bindrune and if you need to adjust the runes.
Also keep in mind there are runes with merkstave or "reversed" meanings. Merkstave meanings aren't necessary negative but give you insight on potential warnings. The Algiz rune flipped up-side-down will hold a different meaning than it does right-side-up so be mindful of how you're placing your runes.
Not all runes will have merkstave meanings, here is a list of them:
The shape of your bindrune can also vary. If you want to stack the runes, run them in a "line" or a circle. Here is an example of a bindrune for strength I create with three different shapes.