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Automatic Savings Deposit

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Whether you can start saving with $5, $10, $50 or $100, automatically having money taken out of your account on payday is easy. The money adds up quickly and you don't miss it.

- Submitted by ADELAIDE97 5/15/2010 in Saving Money | 5 Comments

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Member Comments

MCCALI59 8/26/2010 7:12:00 PM

Very good lesson.

JRBASKIND 9/7/2010 1:11:00 PM

Capital idea! So pleased you thought of it!

KESTRYLL 5/16/2010 9:25:00 AM

I love this idea, going to try it. Thanks

MONNIEK 5/16/2010 8:43:00 AM

we put 500 every other week into our savings, and boy it really ads up fast!

SONYALATRECE 5/15/2010 8:15:00 PM

So true. I do this by having my paycheck deposited into my savings. Then I transfer enough for bills and other needed expenses. I have second thoughts about frivilous spending when getting money from my savings.

Related Secrets

Pay Yourself First

Always pay yourself first by having savings automatically taken from you check and deposited to a savings or retirement account.

- Submitted by GETHEALTHY135 5/15/2010 | 6 Comments | View Secret

Pay Yourself First

Always pay yourself first by having savings automatically taken from you check and deposited to a savings or retirement account.

- Submitted by GETHEALTHY135 5/15/2010 | 4 Comments | View Secret

Pay Yourself FIRST!

My pay check direct deposits into my checking account, so I have an automatic debit setup by my bank that automatically moves some of that money into my savings account before I ever even lay eyes on it.

I quickly got used to having just a little bit less cash in checking to start with and the savings build up nicely given enough time. Just set it up and Fuggettaboutit! WIN!

- Submitted by SPICARD29 5/15/2010 | 4 Comments | View Secret

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