Ways To Keep Money In A Savings Account
Some of the important ways to diligently set aside money in a savings account are:
1
A simple saving strategy is to set money aside each month in a savings account and then use the left amount to manage the monthly expenses.
2
Transfer any additional income such as bonuses, overtime pay, tax refunds and any extra paychecks to your savings account.
3
After you pay off your loan or credit card bill, continue to make a fixed monthly payment to your savings account.
4
Choose a savings account that offers a high-interest rate. Maintain the balance in your account to avoid any penalty.
5
Use your bank’s mobile application or online banking facility to keep track of your purchases. You can set up Alerts to have insight of where your money is spent.
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