We all know that building savings is one of the keys to financial stability, but remembering to put part of each paycheck into a savings account can feel like a chore. Automatic savings plans are a great way to build strong savings habits without the extra effort.
Successful saving requires good financial habits more than specific amounts of funds. Repeated deliberate actions — like transferring funds into your savings account each pay day — help us to create these good habits, but often the pressures and responsibilities of the day-to-day get in the way of our progress.
It’s also difficult to think about the long-term when the activity of the present competes for our attention. By the end of t...
Read more »