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How can I automate my savings to make it easier to stick to my plan?

Curious about customizable personal savings

How can I automate my savings to make it easier to stick to my plan?

There are several ways to automate your savings and make it easier to stick to your plan:

1. Set up automatic transfers: Most banks allow you to set up automatic transfers from your checking account to your savings account on a regular basis, such as weekly or monthly. You can choose the amount you want to transfer and the frequency of the transfer.

2. Use a savings app: There are several savings apps available that can help you automate your savings. These apps can round up your purchases and transfer the spare change to a savings account or allow you to set up automatic transfers on a regular basis.

3. Set up a payroll deduction: If your employer allows it, you can set up a payroll deduction that automatically deducts a certain amount of money from each paycheck and puts it into a savings account.

4. Use a roboadvisor: Some roboadvisors, such as Betterment and Wealthfront, offer a feature called "SmartSaving" that automatically saves and invests your money for you based on your goals and risk tolerance.

By automating your savings, you can make it a habit and save money without even thinking about it.

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