Savings Separate. As the old saying goes, “Out
Saving money is a lot like eating right. We all know that we should save up for emergencies, retirement, and personal g find oals, just like we know we should eat more vegetables and fewer cookies. But doing it isn’t so easy. The problem is temptation. It’s hard to keep from spending money when it’s sitting right there in your checking account business . Something always seems to come up that you need that money for. Before you know it, you’re broke until your next payday. That’s where automatic savings plans come in. They le house t you automatically set aside part of each month’s earnings in a separate savings account, where it’s harder to reach. Benefits of an Automatic Savings Plan Most people treat savings as an afterthought. They deposit their whole paycheck into a checking account, and they take money out of that account to pay the bills. Their savings is whatever happens to be left over at the end of the month. Unfortunately, that often means they save no