Turn on automatic deposits
This is where automation happens. Once you have the right accounts set up, turn on auto-deposits going into each one. Your employer makes it easy to accomplish this with your 401k since it comes right out of your paycheck. With the other accounts, like your brokerage, you can easily turn on automatic deposits to be pulled from your checking account and into your investment accounts at an amount and frequency of your choosing. I have mine set up as bi-weekly deposits, around the same time my paycheck hits my bank account.
7
45 reads
CURATED FROM
IDEAS CURATED BY
Similar ideas to Turn on automatic deposits
Automate Your Savings
Once you set up your savings goals, chances are, you won’t even notice the money getting pulled from your checking account on a weekly or monthly basis.
You just need to do the hard part of setting up your automated savings.
To do this, you'll want to use an app or bank accou...
Focus on...
- Building an emergency fund: set up an automatic weekly or monthly transfer from your checking account to your savings, then leave the savings alone until an emergency appears.
- Eliminating high-interest debt: Set up a simple debt repayment plan by organizing your debts b...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates