America Saves Week
Taziki's is committed to helping our teams build financial confidence, and we invite you to join us!
Financial confidence is the intersection of building a savings habit, knowing what resources you have available to support your financial stability, and taking advantage of those resources as needed.
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This week we're partnering with the organization America Saves to elevate a national conversation encouraging individuals to take control of their financial future.
Today’s topic is SAVING AUTOMATICALLY!
Do you ever find yourself wondering if there is a magic formula to saving? It’s not unusual to feel unconfident about saving, no matter how much money you earn. Confidence doesn’t necessarily come with having a lot of money. Rather it comes from building healthy financial habits and using the resources you know are available to you – this is your financial confidence!
A great place to start building your financial confidence is to set up automatic savings. When you are saving a dedicated amount of money every week, every month, or on some other regular interval, you can begin to feel a sense of control over your saving habits. Whether you are saving just $5 or $10 a month or more, it’s the fact that you’re doing it automatically that is important.
Saving automatically is the formula for successful saving for anyone – including you. Getting started doesn’t have to be a hurdle either.
Consider one of the two strategies below:
Instructing your employer to split your directly deposited paycheck into two or more accounts at your financial institution with one account being a dedicated savings account.
Directing your financial institution to automatically transfer money into your savings account.