Savings Advice

Money saving tips to help you save more with less stress.

Let’s get going, together.

Want to Know How to Save Money? You’ve Come to the Right Place.

We all know that saving money is important, but knowing where to start or how much to save isn’t always clear, especially if you’re weighed down by debt.

Let’s break it down. Start with these money-saving tips.

Savings Advice - Save $1,000 in an emergency fund

Save $1,000 in an emergency fund

Having a minimum of $1,000 in an emergency savings account will cover most minor emergencies (like if your car breaks down or the furnace goes kaput) so you don’t have to rely on credit cards.

Pro tip: Put your emergency fund in an account outside of your regular bank. You’re less likely to dip into your savings if you’re not routinely seeing your balance.

Savings Advice - Set up automatic deposits to reach 3x your monthly expenses

Set up automatic deposits to reach 3x your monthly expenses

Set it and forget it so that you can reach an amount equal to three months of living expenses. This will help safeguard against job loss and other emergencies.

Pro tip: Get a better picture of ways to cut spending and increase savings by talking with one of our financial professionals.

Savings Advice - Save for retirement

Save for retirement

Begin saving for retirement as early as possible in a tax-advantaged account (401(k) or IRA, for example). Always take full advantage of your employer match and work towards saving 15% of your pre-tax income.

Pro tip: Make sure you’re not overpaying in management or mutual fund fees. Read the fine print so that you’re aware of how fees add up.

Earn rewards for saving.  Open an Emergency Savings Share Account. Learn More Save more now   Ten tips to boost your emergency fund.  Download eBook
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Questions? Contact a financial professional.