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 Basics2023-01-11 January 11, 2023Manage your MoneyONLINE DaytimeStatewide
Let’s Talk About Credit2023-01-18 January 18, 2023Manage your MoneyONLINE DaytimeStatewide
Build Your Savings2023-01-25 January 25, 2023Manage your MoneyONLINE DaytimeStatewide
Budgeting Basics2023-02-07 February 07, 2023Manage your MoneyONLINE EveningStatewide
Let’s Talk About Credit2023-02-14 February 14, 2023Manage your MoneyONLINE EveningStatewide
Build Your Savings2023-02-21 February 21, 2023Manage your MoneyONLINE EveningStatewide
My Money Works2023-02-09 February 09, 2023
(ends March 09, 2023)
Manage your MoneyONLINE DaytimeStatewide
My Money Works2023-03-01 March 01, 2023
(ends March 29, 2023)
Manage your MoneyONLINE EveningStatewide