Savings on Autopilot – Tips to Save Effortlessly


For most people out there, the entire idea of saving money just seems hard. They want to save, but they don’t know how to get started and they’re unsure of how effectively they can stick to a plan. If you are truly going to get ahead with your finances, then you need to save money effortlessly. You need to have your savings plan on autopilot. When saving money becomes more of a routine than a duty, you’ll have the opportunity to truly make some moves and set yourself up financially for the future. Here are some tips on how to do that.

Enter every automated program that you can
Depending upon which bank you use, chances are very good that you have some sort of automatic saving plan at your disposal. Most of the national banks do some sort of “way to save” program, which allows you to take a small amount of every single purchase and put it into your savings account. This might be one dollar each time or it might be a few cents to round up to a dollar. Whatever the case, this is a great way to save money steadily and to do it without effort. The idea is to turn saving into a habit, so that you don’t have to constantly make decisions to save.

Direct deposit into a savings account
One of the things that will help you save effortlessly every month is to set up a partial direct deposit into your savings account. Most employers work with direct deposit these days, so they are usually willing to put a part of your paycheck into a savings account each week. Figure out a good percentage to use for this and go from there. Many people like to take 10%-15% of their paycheck and throw it right into savings. This way, you will get used to never seeing this money, which means you will develop a lifestyle that doesn’t even include its presence.

Using goals as a motivational factor
Some people have a hard time getting motivated for the somewhat arbitrary goal of “saving for the future”. These folks need something tangible that they can save for. Depending upon where you are in your life, this might be something different. If you are just getting out of school, then perhaps start saving for your first home. If you are in a serious relationship, start saving for your engagement ring or maybe your wedding. Whatever the case may be, having a motivational tool can help you put money aside during those months when it’s not so easy.

Visualizing your savings
Having a well padded savings account can be a nice source of pride if you are moving up in life. It becomes much easier to make a habit of saving each month if you can see those savings pile up. Take advantage of any online banking program that your bank or credit union might offer. This way, you can take a look at your numbers when things start to get tough. This will allow you to always remember how much progress you have made, and it will help you get excited for more progress to come. Another nice thing about setting up online savings banking is that you can set up direct deposits from your checking account to your savings account automatically.

Challenge yourself
Many people will do better with their saving plan if they can turn it into something of a game. If you were able to put away $200 last month, then try to shoot for $250 this month. Challenge yourself and see what you can cut out. Take the money that you save and immediately put it away. By pushing yourself in this way, you can fuel your own competitive juices and pad your savings at the same time.

Every person is different, so each individual will need to utilize a personalized plan. The best thing to do is to take advantage of every resource that is out there, from computerized financial management to your basic automated savings plan. Seeing the numbers on a computer screen or on a piece of paper will help you understand the importance of what you are doing.

This post was written by

jason – who has written posts on Budget Clowns.
Father of three and married to a lovely women. Always looking for ways to save money, and invest it properly for my children's future.

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