Monday, April 8 | Saving Automatically
It’s America Saves Week! Each year we encourage our community to dedicate this week to pause and do a financial check-in, and this year is no different. Join us this week to get a clear view of where your finances are, where you want them to be, and what small steps you can take to put you on a path forward..
We all have unique circumstances that in many cases, makes it difficult, or nearly impossible for many to save at this stage of their lives.
Despite this, we understand that people are still committed to doing the work, taking control of their finances, and becoming more financially stable - in every stage of life.
We kick off Day One of America Saves Week by focusing on the easiest and most effective way to save— AUTOMATICALLY.
Sometimes the smallest things have the greatest impact— like building the habit of saving, even if it’s just a little bit at a time. In fact, saving is a habit, not a destination! Check out this blog post from the America Saves Team, who breaks it all down.
Today, we encourage you to do the following (if you haven’t already):
Set up automatic savings, either through your employer or financial institution
Revisit the amount you contribute, if you have already established automatic savings
Assess whether you have the best possible account for your savings and consider switching to a high-yield savings account to get the most out of savings
Need some inspiration? Check out this video from America Saves staff, Benjamin Moss.
Whether you choose to split your direct deposit or set up an auto-transfer through your financial institution, you benefit by automatic savings in two ways: first, by establishing the habit, and second by setting and reaching attainable milestones that will be incredibly useful when and if an unexpected expense arises.
Looking for Veteran specific resources? Check out this resource at Ready.gov.
It's never too late to start saving, so why not make today your day? Don't know if you can do it alone? Find yourself a battle buddy and start this journey together. It may not be the easiest thing you've ever committed too, but then nothing worth having is easy!
Are you ready to take the next step? Join Warrior Wives in taking the pledge and setting your first goal.
We're excited for you to begin this new financial journey and can't wait to catch up with you tomorrow about Saving for the Unexpected!
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