Posted On: February 22, 2021 by First Option Bank in: Banking Community Commitment Financial Wellness News Tips & Tricks
During America Saves Week we're taking a look at "What's the Easiest Way To Save"?
The answer...Automatically!
Saving Automatically is the easiest and most effective way to save - especially over time. There are three basic strategies you can use, when saving automatically.
- Split to Save: Instruct your employer to direct a certain amount from your paycheck and transfer it to a retirement or savings account. Y
- Auto-Transfer: Every payday, have your bank transfer a fixed amount from your checking account to a savings or investment account.
- Scheduled Transfer: Choose a day of the month or a regular interval (i.e. every 2 weeks) to transfer a set amount from your checking account to a savings account.
Those options won't work for you? Not to worry! you can still save automatically, by saving your loose change.
For more great tips Click Here to read more about Saving Automatically on the America Saves blog.
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