Automatic Savings

Saving money is an important aspect of financial planning, whether it's saving for retirement or saving extra funds for emergencies. Starting a consistent savings plan can add up to big dollars.

Here's how to start today:

• Pay yourself first. By setting aside a reasonable portion of your paycheck each month, you will not be tempted to use the money for discretionary purchases. You can begin with as little as $10 every payday. By paying yourself first, before paying bills or going out to lunch with friends, you learn to live on a smaller budget. Once you see how easy it is to raise your savings account balance and how little you miss that $10, you'll find yourself raising the amount to $25, $50, or more over time.
• Use direct deposit. To make saving easier, your payday savings can be automatically deducted into your account with direct deposit. This way, your paycheck starts earning dividends right away. When you set up automatic savings, you have a better chance of saving.

Don't wait! Take control of your finances by setting up automatic savings today or speaking with a San Diego County Credit Union representative at (877) 732-2848.