SAVING TIPS FOR YOU!
Whatever Your Goals, SAGICOR BANK CAN MAKE IT HAPPEN.
START SMALL AND START NOW! Setting a saving goal for yourself is exciting! Your goal could be as simple as saving for a motor vehicle, a home deposit or even putting money aside for emergencies. Once you set your goal and work towards it, you will be surprised at how much you can achieve.
ACHIEVE YOUR SAVINGS GOALS These techniques can help you reach your goals: Work out how much money you need to save to reach your goal. Pay yourself first: Save automatically by arranging for a fixed portion of your salary be deposited directly into a separate account. Have a clear savings plan: Commit to save a fixed amount each week/month. Regularly review your progress, so you will be constantly reminded of your goal and how close you are to achieving it. Establish a time frame: Having a specific but reasonable time frame is great motivation. Do a budget: If you donâ€™t keep a budget, savings may become difficult. Budgeting also helps identify expenses which need to be reduced/omitted. Get support from family and friends: Support and encouragement is always beneficial to any goal.
SHORT HOW TOTERM SAVE GOAL FOR A SHORT-TERM GOAL Short term goals are those that can be achieved within a couple years. Start saving for your short term goals by reducing spending on some optional expenses such as shopping, entertainment, memberships, subscriptions, and dining out.
FOR EMERGENCIES Make it your goal to set aside enough money to cover 1-3 months’ worth of expenses. Keep this ‘rainy day’ separate and for emergencies only, always topping it up after you tap into it. No matter how little you're starting with, it's always possible to begin saving money. The sooner you start, the sooner you can be on your way to BIG SAVINGS! Visit a Sagicor Bank branch and consult a Client Service representative, who will design a savings plan to suit your needs.
Letâ€™s talk. Give us a call at: 1-888-SAGICOR (724-4267) sagicorjamaica.com | |
Published on Aug 22, 2016