savings

Put savings on autopilot

 

 

Since the biggest barrier to saving is not being in the habit of saving, the best way to get in the habit is to pay yourself first.

Have money directly-deposited from your paycheck or even your checking account into a dedicated savings vehicle. This can be done along with other goals such as paying down debt or saving for retirement. You won't miss what you don't see, and putting your savings on autopilot is a great way to reinforce the savings habit when unplanned expenses inevitably come along and chew a hole in what you've saved. You're only one paycheck away from beginning to replenish your savings balance.

 

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Ask Dr. Don

Use bonds for school, avoid tax?

Dear Dr. Don, This is a bad news, good news situation that I'm asking about. I just received several Series EE and Series I savings bonds. I am the so-called payable-on-death beneficiary on the bonds. My mom, who purchased... Read more

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