Between food, bills, and home mortgage loans, it can be difficult to save
up and treat yourself to a nice vacation or spa day. Fortunately, there
are a few things that you can do in order to save up, even if your
checking account has seen better days. Here is a look at a few easy ways to boost your
Get Into the Habit of Saving
Saving money is a learned practice; fortunately, there is a fast track.
Whenever you receive a paycheck, deposit a portion of that money directly
into your savings account
before spending it on anything else. After you have done that you can address your bills and other expenses.
Regardless of how much money you decide to save from each paycheck, the
important part is that your savings account is the first to be paid. Many
choose to set up a system that automatically deposits a portion of their
paychecks into their savings accounts.
Overspending may be a bad habit, but it is not an unbreakable one. Automatically
depositing money into your savings account and addressing your bills leaves
less money in your pocket. Since the important things are already being
taken care of, this means that you will have less to spend on unnecessary
Create an Emergency Fund
An emergency fund is an important key to financial stability. Whether
it doubles as your savings account or is another account entirely, add
a little bit of money to an emergency fund so that you can keep yourself
afloat in times of distress. See if your credit union offers savings accounts
that garner interest in order to grow your emergency fund.
If you would like to learn more about the easy ways in which you can boost
your savings account, contact
GCS Credit Union or visit our website. We provide the O’Fallon area with a variety
of online banking services as well as home mortgage and auto loans. Feel
free to give us a call at (618) 797-7993 if you would like to learn more
about the benefits of becoming a member.