Automate transfers on payday

Set up an automatic transfer from your checking to your savings account on the same day you get paid. Even a small amount — $10, $25, or $50 — adds up when it happens consistently and before you have a chance to spend it.

Why It Works

Automation removes willpower from the equation. You cannot forget, procrastinate, or talk yourself out of saving. The money moves before you ever see it in your spending account.

Tips

• Most banks let you set up recurring transfers through their app or website
• Start with an amount so small you will not miss it, then increase by $10 every few months
• Use a high-yield savings account (currently 4-5% APY at online banks) so your emergency fund earns interest