Tiny automatic transfers are helping me save

Started by Earl H.
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Earl H.

I set up an automatic $35 transfer to savings weekly and it's starting to add up. $5 a day I can do for now. What about y'all?

Deleted user

@Earl - I do something similar. I have a weekly budget for myself for necessities, and anything I don't spend from that week goes to my savings

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Stephanie A.

I automatically save $55 per pay in two external savings accounts. One is for my emergency savings acct and the other is for a vacation/ holiday fun. The small amounts definitely add up over time. Almost at $1700!!

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Shelly S.

I do the same as @Danielle B. I save whatever is left of the balance of my weekly "allowance". I saved $600 this way last year which I put into my IRA.

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Mark W.

Thanks for sharing, Earl. $5 per day is very reasonable and a good savings tip. I'm going to put that in to play and see how well I can stick to it.

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Dawn H.

I still throw change in a jar and then deposit it in the bank when it’s full (a little more challenging now covid has made cash unpopular)

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Melissa H.

I send $15 a week automatically, then whatever is left at the end of the month. That way at least something is going every week.

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