Years and Years ago when I was single and looking to buy my first house I worked 2 jobs. I set automatic deposit up for the 2nd job at a bank that was 30 min away. There wasn't online banking at the time and I didn't get a debit card or checks. Best way for me to save was not to be able to touch it.
Helpful Money Habits to Adopt
Set Up Your Savings Automatic Transfer
To err is human—and let's face it, most of us would forget to put money into savings unless we automated the process. (Or we'd simply spend it on something else.) But automatic transfer is divine! In fact, it's one of the easiest ways to help your money grow. Your to-do: Call the bank where you keep your savings account, or log on online, and set up a biweekly automatic transfer from your checking account today. If you prefer, you can even reach out to your employer and have a portion of your paycheck direct deposited into savings, bypassing your checking account altogether. How much should you sock away? Start with 1%–2% of your income, and set a calendar alert to review in a month. The most important thing is to start the habit. Once you have, the opportunity to watch the balance grow will become an addiction
Cheryl Lock
No comments:
Post a Comment