Table des matières
- 1 Making Automated Savings Work for Millennials
- 1.1 Financial Security at Your Fingertips Automated savings plans allow millennials to reach their financial goals more easily by setting and reaching targets quickly. This type of savings plan enables users to link their bank accounts, cards and payment accounts and set their own savings goals. Depending on their preference, millennials can decide when to add money to the savings account, how much money they want to save and how often they want to save. These plans generally work by automatically transferring a certain amount of money from a checking account to the savings account on a regular basis. This type of savings strategy lets millennials secure their finances without having to constantly monitor their accounts on a daily or weekly basis. This is especially convenient for those who have limited time and/or financial know-how. Automated savings plans also help millennials avoid lifestyle inflation, overspending and impulse purchases. The Benefits of Automated Savings
- 1.2 How to Choose the Right Automated Savings Plan for You
- 1.3 The Bottom Line
Making Automated Savings Work for Millennials
Millennials have a growing presence in the work force and they have a set of unique needs when it comes to savings. They are the first generation to face rising student loan debt, a competitive job market and a volatile economy. As such, many millennials are turning to automated savings as a way to set aside money for the future. Automated savings allows millennials to save more money with less effort, allowing them to focus on other financial priorities. Thus, automating savings is a smart way to achieve financial freedom and security.