April 8, 2022
“If saving money is wrong, I don’t want to be right.” – William Shatner
If you’re looking to stash away some cash right away, here are a few options. Sign up for direct deposit through your employer so your paycheck is automatically deposited into your bank account each pay period. Next, schedule automatic transfers into your savings account and pay yourself FIRST each paycheck. Next, calculate how long it will take you to reach your savings goal – what if you save $50 a month vs. $100 a month vs. $200 a month and so on… Some experts recommend saving 10 or 20 percent of your total monthly income. That is not feasible for many, so start with 5 percent or event 1 percent. Just start saving.
If you have a specific savings goal in mind, say a new car or an upcoming vacation, use Goals accounts within DIGITAL BANKING+ to keep your savings on track. With Goals, you can transfer funds into individual Goals accounts designed to help you reach your savings goals and create healthy savings habits. Log in to DIGITAL BANKING+ and set your Goals accounts up today!