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Jill Russo Foster

Tips for Successful Personal Finances

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Transfer to Savings Automatically

savings-automatic

Have you struggled to save money because there never seems to be anything left over?  Big surprise! We tend to spend the money we have in front of us. Getting a raise never seems to help, because that money disappears, too. There’s always something we think we need right now.

The best way to grow the money in your savings account is by setting up an automatic deposit from your paycheck. That way you never see it to spend it. If your company doesn’t offer this, that’s not a problem. Have an amount set up to be transferred automatically from your checking account to savings on a regular basis. The benefits here are that you are saving without any effort on your part and the money isn’t in your checking account to tempt you.

You could win free financial coaching. Learn more here!

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