Automatic transfers made putting money in high-yield savings painless - Business Insider

While I'm great at cutting costs and saving money, I'm not always the best at stashing the money away.. While I think about this goal often, remembering to actually make deposits into my preferred savings spot, a high-yield savings account, isn't always high on my list.

So, I did something that changed how I save: I automated deposits from my checking account into my high-yield savings account. It's easy — I logged into my bank's app on my phone and instructed it to automatically transfer the same amount of money from checking to savings after every payday. By doing this, I never have to think about saving — it just happens. It's been helpful for consistency, and I've prioritized and increased my savings because it all happens automatically. I never forget to move my money.Let's be honest: Saving for a future goal probably isn't on your mind every day.

Life is busy and full of distractions, and it's so easy to forget to initiate that transfer. If you're making deposits automatically, it's impossible to forget to save one month. You don't have to think about it, and it makes saving one less item on the monthly to-do list. Checking on my high-yield savings account is something I look forward to now. With automatic deposits set up twice monthly, my balance grows twice per month.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Money decisions you can feel good about going into 2020 - Business InsiderIt's common to overspend and overindulge during the holidays, but there's still time to get back on track with good money decisions.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

6 mistakes I made while paying off $81,000 of student loan debt - Business InsiderI borrowed a total of $81,000 in student loans for two degrees. Over a period of nine years, I paid it all off — and it wasn't easy.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Should you invest your emergency fund? With enough extra money, yes - Business InsiderI have a year's worth of expenses in my emergency fund, and I started feeling like I was missing out by leaving so much money in a savings account. The Waz off-road car is cool I hope there’s addl reinforcement in that hood framing
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Millennials killing things was story of decade, but not their fault - Business InsiderWe need to acknowledge wider economic trends that forced millennials to 'murder' everything from napkins to TGI Fridays.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

5 New Year's resolutions for the workplace, according to a therapist - Business InsiderTry changing up your workplace environment. Take a walk every day, or switch to a standing desk — it can make a big impact.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Trump re-election creating investment opportunity in healthcare sector - Business InsiderA self-taught coder turned hedge fund manager explains why traders should be positioning for a Trump re-election — and lays out a big bet he's making on healthcare So True... I'm waiting too!!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »