Building up an emergency savings account is very important. I think we all know that, but there are plenty of people out there who have problems getting their money into a savings account. When the money is sitting there in your checking account it’s so easy to just spend it. Especially with the prevalence of debit cards. To help prevent that problem we have automatic transfers setup on our bank account. We have one automatic transfer that moves money to our Christmas Club account every pay and another one that moves money to our savings account every pay. Once the money is out of my checking account I no longer even think about it. To me, that money is already “spent.”
Do you have automatic transfers setup on your account? If not, what are you waiting for? Most banks let you set them up online and you’re already online so get over there and do it. Even if your money is tight, you could manage at least $10 a pay, couldn’t you? Just start somewhere and increase the amount as you can. Every little bit helps.
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