If your money is a mess or maybe you just want to streamline your finances a little, it pays to with the building blocks of money success.
Are you still paying for a checking account?
The first step toward money success is a good checking account.
The average monthly service fee on a checking account is almost $10 a month, but really, there is no need to pay a bank $10 a month, every month, for years. You can save hundreds simply by switching to a free checking account.
- you pay no monthly service fees,
- we reward you for using your checking account just as you normally would
- we refund ATM fees nationwide
- and we require no minimum balances
Small steps to BIG success
The next step toward money success is building your savings. Even if you start slow with $5, $10, $20 saved from each paycheck, a savings account is the foundation of money success and planning for your future. Here’s why:
A savings account allows you to separate your money. When you have some money put aside, and it’s not in your checking account, you tend to leave it alone. You think twice before spending it.
Savings accounts can be used for specific goals:
- saving for an emergency fund,
- saving for a vacation,
- saving for Christmas, (You know you are going to need it!)
- saving for retirement
And the best way to save is when you put savings on automatic pilot…
Automate your savings to have more money
If you are serious about having more money, you have to make a saving plan and stick to it. This is how you are going to save for the down payment on a home or be able to afford that Caribbean cruise or pay for the unexpected car repairs.
One of the biggest problems with unsuccessful savers is when saving isn’t automatic. When a saver puts money into a savings account every few months when there is “extra cash,” the pot of gold doesn’t build quickly.
But when you save a little each paycheck, that’s when you can see it grow into something real.
Here are 2 ways you can automate savings,
- You can set up automatic transfers of a set amount to savings on your payday. If you don’t see it in your checking account, you won’t spend it. This is easy to set in Home Banking or just give us a call.
- You can work with your employer to have part of your paycheck Direct Deposit into your checking and part into your savings account.
Get started on your money success!
If you want to get started on any of these building blocks to money success, give us a call to set up your accounts and help you with your plan!