Financial Feature: Bill Yourself for Savings

How can you fit savings into your monthly budget? Long-range priorities can be hard to stick to when times are tight, whether you’re saving for a reliable car, retirement, or any goal that will take more than a few paychecks.

One technique for savings success is to pay yourself just as you pay your bills. With direct deposit from your paycheck or automated funds transfers to a savings account, you can get your money flowing directly into your goals. Having the money in a separate place also helps you keep your hands off it until you reach your goal –you don’t spend what you don’t see.

Need money for a new car before your current one kicks the bucket? $100 per week will bring your savings to more than $10,000 within two years, leaving you with a car you own free and clear.

Need to catch up on property taxes or other annual expenses? Divide the total payment by 12 and funnel that money each month to a separate account so you have the money in hand when the time comes to pay — you could be saving money by paying on time instead of pinching pennies and worrying about penalties.

Need to build a nest egg, emergency savings, or retirement fund? Set your goal and automate your savings so you don’t have to spend energy each month deciding to do it.

ClassDateProgram AreaLocationRegion
Budgeting Basics2024-04-23 April 23, 2024Manage your MoneyONLINE DaytimeStatewide
Matched Savings Information Session2024-05-06 May 06, 2024Manage your MoneyONLINE DaytimeStatewide
My Money Works2024-04-10 April 10, 2024
(ends May 08, 2024)
Manage your MoneyONLINE DaytimeStatewide
Budgeting Basics2024-05-09 May 09, 2024Manage your MoneyONLINE DaytimeStatewide
Let’s Talk About Credit2024-05-16 May 16, 2024Manage your MoneyONLINE DaytimeStatewide
My Money Works2024-04-24 April 24, 2024
(ends May 22, 2024)
Manage your MoneyPresque IsleNorthern
Build Your Savings2024-05-23 May 23, 2024Manage your MoneyONLINE DaytimeStatewide
Matched Savings Information Session2024-06-03 June 03, 2024Manage your MoneyONLINE EveningStatewide
My Money Works2024-05-06 May 06, 2024
(ends June 03, 2024)
Manage your MoneyBrunswickMidcoast
My Money Works2024-05-14 May 14, 2024
(ends June 11, 2024)
Manage your MoneyBangorNorthern
My Money Works2024-05-16 May 16, 2024
(ends June 13, 2024)
Manage your MoneyONLINE EveningStatewide
Matched Savings Information Session2024-07-01 July 01, 2024Manage your MoneyONLINE EveningStatewide