Missed National Savings Day? It’s Not Too Late to Boost Your Savings!
Missed National Savings Day? It’s Not Too Late to Boost Your Savings!
Did you know that National Savings Day was on October 12th? It may have passed, but it’s never too late to celebrate the spirit of saving! Whether you’re opening a new savings account or adding a little extra to your existing one, every step counts. Savings accounts come in many forms, but no matter which option you choose, the key is simply to start saving. People save for different reasons—whether it’s building an emergency fund of $1000, covering three to six months of living expenses, or saving up for a dream vacation. Budgeting and saving give you peace of mind, ensuring that you’re prepared for life’s unexpected expenses without going into debt.
Looking for some creative ways to boost your savings? Check out these tips:
- Reward your savings: Treat yourself by adding a little extra to your savings whenever you enjoy something fun. It’s like paying yourself to do what you love! For example, after a movie, throw $5 into your savings. Or, for every trip to the gym, add $1 to your savings.
- Pay yourself first: Set up automatic deposits into your savings account. This “set-it-and-forget-it” method allows you to effortlessly grow your savings, whether it’s transferring from your checking account or directly from your paycheck.
- Save the change: If you use cash, save your change at the end of each day. If you prefer using your debit card, add a dollar to your savings every time you use it. Over time, these small amounts will add up!
If you don’t already have a savings account, we’d be happy to help you get started. And if you’re looking for more ways to increase your savings, let me know! You can set up an appointment by emailing creynolds@newdimensionsfcu.com or calling (207) 660-6267. It’s always the perfect time to add a little extra to your savings!