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Automatic transfers make achieving your savings goals easier by taking you out of the equation. All you have to do is set it and forget it. Here are 4 steps to take today.
Step 1: Outline Your Intentions. What are you saving for? What's your total savings goal? How long do you have to save?
Step 2: Pick a Cadence and Amount. Choose weekly or monthly deposits. Decide how much to deposit.
Step 3: Open a Savings Account. Pick one with low fees and high yield.
Step 4: Choose Your Automation. Account transfer: taken from your checking account. Or Direct deposit: taken from your direct deposit paycheck.
To get started, learn more about savings accounts to automate your savings at Synchrony Bank.
READ MORE: 40 Simple Ideas for How to Save Money Fast
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*The information, opinions and recommendations expressed in the article are for informational purposes only. Information has been obtained from sources generally believed to be reliable. However, because of the possibility of human or mechanical error by our sources, or any other, Synchrony does not provide any warranty as to the accuracy, adequacy or completeness of any information for its intended purpose or any results obtained from the use of such information. The data presented in the article was current as of the time of writing. Please consult with your individual advisors with respect to any information presented.
