Thursday, September 8, 2011

Automate your savings for long term success

                                                     It can be hard to start saving so make it automatic. Start small with as little as $10 to $20 every week or month. If your employer allows you to divide your deductions into more than one account put some in a savings account. When you get paid make it a point to deposit the money on that day so you'll be less tempted to spend the money. If you can't do this you're never going to start saving. You'll be tempted to spend the money when it's available so get in the bank as soon as possible. Saving automatically with each paycheck makes it easier and you don't have to think about taking any extra steps. Remember it's steady saving in small amounts that leads to large savings accounts. See you next time Finwiz.
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