Take Advantage of Automation
Sticking to a savings plan is hard. It feels like every month something new makes it on your shopping list, or an emergency pops up that needs to be taken care of immediately. A recent survey even showed that 58% of responders had only $1,000 saved for emergencies. If the recent global pandemic has taught us anything, that’s not nearly enough!
That’s why you should consider automation your best friend! Automate 401(k) deposits directly for your paychecks so you’ll never be put in a position where you might get lured into spending that money elsewhere. Plus, one of our biggest pitfalls is thinking that we have enough time to save money, but time flies by quicker than you might think!
